Copart, Inc. (NASDAQ:CPRT) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 998,021 shares of the business services provider’s stock after acquiring an additional 7,868 shares during the quarter. Schroder Investment Management Group owned approximately 0.10% of Copart worth $57,276,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Vanguard Group Inc. increased its position in shares of Copart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock worth $5,861,185,000 after purchasing an additional 976,909 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares during the last quarter. State Street Corp raised its stake in Copart by 0.4% during the third quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock valued at $1,789,877,000 after buying an additional 120,939 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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. Finally, Geode Capital Management LLC grew its position in shares of Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after acquiring an additional 291,580 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold 385,480 shares of company stock worth $21,667,683 over the last ninety days. Company insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

Copart Stock Up 2.6 %

Shares of NASDAQ CPRT opened at $56.59 on Tuesday. The firm’s 50-day simple moving average is $56.32 and its 200 day simple moving average is $56.28. The stock has a market cap of $54.67 billion, a P/E ratio of 37.98 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

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

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.