Voya Investment Management LLC Reduces Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Voya Investment Management LLC decreased its stake in Copart, Inc. (NASDAQ:CPRT) by 64.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 220,278 shares of the business services provider’s stock after selling 392,225 shares during the quarter. Voya Investment Management LLC’s holdings in Copart were worth $12,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPRT. Principal Financial Group Inc. boosted its holdings in shares of Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the period. Barclays PLC boosted its holdings in Copart by 0.4% during the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider’s stock valued at $316,639,000 after acquiring an additional 21,710 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Copart during the 3rd quarter valued at $317,000. Tidal Investments LLC boosted its holdings in Copart by 7.8% during the 3rd quarter. Tidal Investments LLC now owns 88,324 shares of the business services provider’s stock valued at $4,628,000 after acquiring an additional 6,421 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its holdings in Copart by 6.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 104,650 shares of the business services provider’s stock valued at $5,484,000 after acquiring an additional 6,385 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, Argus cut Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Insiders Place Their Bets

In other Copart news, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock worth $11,401,000 in the last three months. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Down 1.8 %

CPRT opened at $59.81 on Tuesday. The business has a fifty day moving average of $56.34 and a 200 day moving average of $57.18. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The stock has a market cap of $57.78 billion, a P/E ratio of 40.14 and a beta of 1.22.

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

Copart 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.