Plancorp LLC Takes Position in Copart, Inc. (NASDAQ:CPRT)

Plancorp LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,574 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of CPRT. Madison Investment Advisors LLC bought a new position in shares of Copart in the fourth quarter valued at approximately $253,686,000. Bank of New York Mellon Corp grew its stake in shares of Copart by 23.3% in the fourth 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 acquiring an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Copart by 335.8% in the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after acquiring 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 worth $69,162,000. Finally, Amundi grew its stake in shares of Copart by 18.2% in the fourth quarter. Amundi now owns 7,080,834 shares of the business services provider’s stock worth $402,332,000 after acquiring an additional 1,090,841 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

CPRT opened at $53.63 on Friday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm’s fifty day moving average price is $56.43 and its two-hundred day moving average price is $56.01. The company has a market capitalization of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted 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. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction on Wednesday, March 19th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of Copart 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 three months, insiders sold 415,480 shares of company stock valued at $23,407,983. 9.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.