Xponance Inc. Has $11.08 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Xponance Inc. raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 193,102 shares of the business services provider’s stock after buying an additional 4,077 shares during the period. Xponance Inc.’s holdings in Copart were worth $11,082,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CPRT. Madison Investment Advisors LLC purchased a new position in shares of Copart in the 4th quarter worth approximately $253,686,000. Bank of New York Mellon Corp boosted its stake in shares of Copart by 23.3% in 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. boosted its stake in shares of Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after buying an additional 2,084,626 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Copart in the 4th quarter worth approximately $69,162,000. Finally, Amundi boosted its stake 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 worth $402,332,000 after buying an additional 1,090,841 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 1.5 %

Copart stock opened at $52.92 on Wednesday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The business’s 50 day simple moving average is $56.58 and its 200 day simple moving average is $56.02. The company has a market cap of $51.13 billion, a price-to-earnings ratio of 35.52 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,480 shares of company stock worth $18,007,983. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CPRT shares. Argus downgraded Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. boosted their target price on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Company Profile

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.