Copart, Inc. (NASDAQ:CPRT) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its position in Copart, Inc. (NASDAQ:CPRT) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 9,724 shares of the business services provider’s stock after acquiring an additional 274 shares during the period. EP Wealth Advisors LLC’s holdings in Copart were worth $558,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Copart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock valued at $5,861,185,000 after purchasing an additional 976,909 shares during the period. Edgewood Management LLC grew its holdings in Copart by 14.1% during the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider’s stock worth $1,346,548,000 after acquiring an additional 2,907,405 shares during the period. Capital World Investors grew its holdings in Copart by 0.8% during the fourth quarter. Capital World Investors now owns 21,353,932 shares of the business services provider’s stock worth $1,225,502,000 after acquiring an additional 169,354 shares during the period. Bank of New York Mellon Corp grew its holdings in Copart by 23.3% during 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 period. Finally, Geode Capital Management LLC grew its holdings in Copart by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider’s stock worth $1,097,153,000 after acquiring an additional 408,677 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Copart Stock Down 0.4%

Copart stock opened at $61.52 on Monday. The firm has a market cap of $59.43 billion, a price-to-earnings ratio of 41.29 and a beta of 1.20. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The business’s 50-day moving average price is $57.26 and its 200 day moving average price is $57.67.

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

Insiders Place Their Bets

In other Copart news, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Also, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by corporate insiders.

About Copart

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.