Rafferty Asset Management LLC Acquires 2,920 Shares of Copart, Inc. (NASDAQ:CPRT)

Rafferty Asset Management LLC increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,371 shares of the business services provider’s stock after acquiring an additional 2,920 shares during the quarter. Rafferty Asset Management LLC’s holdings in Copart were worth $20,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. increased its stake in shares of Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after acquiring an additional 8,300 shares in the last quarter. National Pension Service grew its position in Copart by 3.2% during the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after purchasing an additional 48,334 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Copart by 289.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider’s stock valued at $1,970,000 after purchasing an additional 25,512 shares during the last quarter. Tsai Capital Corp grew its position in Copart by 13.3% during the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock valued at $3,540,000 after purchasing an additional 7,230 shares during the last quarter. Finally, Voleon Capital Management LP purchased a new stake in Copart during the 4th quarter valued at about $1,314,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

Shares of CPRT stock opened at $62.97 on Friday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company’s 50-day moving average is $57.97 and its 200 day moving average is $57.88. The company has a market capitalization of $60.83 billion, a price-to-earnings ratio of 42.26 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Steven D. Cohan sold 94,997 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 have sold a total of 200,000 shares of company stock valued at $11,401,000 in the last 90 days. 9.68% of the stock is currently owned by 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.