Copart, Inc. (NASDAQ:CPRT) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC raised its holdings in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 15.4% in the 4th quarter, HoldingsChannel reports. The fund owned 6,671,424 shares of the business services provider’s stock after buying an additional 889,989 shares during the quarter. Copart accounts for approximately 0.9% of William Blair Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. William Blair Investment Management LLC’s holdings in Copart were worth $382,873,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Madison Investment Advisors LLC acquired a new position in shares of Copart in the 4th quarter valued at $253,686,000. Bank of New York Mellon Corp grew its stake in Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after buying an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. lifted its stake in Copart by 335.8% in the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock valued at $149,471,000 after buying an additional 2,084,626 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Copart in the fourth quarter valued at approximately $69,162,000. Finally, Amundi increased its holdings in shares of Copart by 18.2% in the 4th quarter. Amundi now owns 7,080,834 shares of the business services provider’s stock valued at $402,332,000 after acquiring an additional 1,090,841 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insiders Place Their Bets

In other Copart news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 315,480 shares of company stock worth $18,007,983. Company insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CPRT shares. JPMorgan Chase & Co. raised their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Argus lowered Copart from a “buy” rating to a “hold” rating in a report on Friday.

View Our Latest Stock Analysis on CPRT

Copart Price Performance

Shares of NASDAQ CPRT opened at $52.65 on Monday. The company has a market cap of $50.86 billion, a PE ratio of 35.34 and a beta of 1.30. The stock has a fifty day moving average price of $56.71 and a 200 day moving average price of $56.01. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRTGet Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

About Copart

(Free Report)

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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