Financial Counselors Inc. Buys 285 Shares of Copart, Inc. (NASDAQ:CPRT)

Financial Counselors Inc. lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,855 shares of the business services provider’s stock after purchasing an additional 285 shares during the period. Financial Counselors Inc.’s holdings in Copart were worth $8,428,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CPRT. Principal Financial Group Inc. boosted its position in Copart by 2.5% during the 3rd 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 acquiring an additional 941,858 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Copart by 25.1% during the third quarter. Advisors Asset Management Inc. now owns 15,856 shares of the business services provider’s stock valued at $831,000 after purchasing an additional 3,177 shares in the last quarter. DRW Securities LLC bought a new position in Copart in the third quarter worth $448,000. Quantbot Technologies LP purchased a new position in Copart during the third quarter valued at $4,067,000. Finally, Brooklyn Investment Group boosted its holdings in shares of Copart by 19.5% during the 3rd quarter. Brooklyn Investment Group now owns 5,271 shares of the business services provider’s stock valued at $276,000 after buying an additional 861 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.9 %

CPRT stock opened at $55.07 on Thursday. The business has a 50 day moving average of $56.38 and a 200 day moving average of $56.10. The firm has a market cap of $53.20 billion, a PE ratio of 36.96 and a beta of 1.30. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

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 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,480 shares of company stock valued at $21,667,683. Insiders own 9.68% of the company’s stock.

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.