Ieq Capital LLC Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Ieq Capital LLC lifted its position in Copart, Inc. (NASDAQ:CPRT) by 12.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 113,573 shares of the business services provider’s stock after buying an additional 12,928 shares during the quarter. Ieq Capital LLC’s holdings in Copart were worth $6,518,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CPRT. Principal Financial Group Inc. boosted its stake 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 acquiring an additional 941,858 shares in the last quarter. State Street Corp lifted its holdings in shares of Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock valued at $1,789,877,000 after purchasing an additional 120,939 shares during the last quarter. Edgewood Management LLC grew its stake in Copart by 0.6% during the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after buying an additional 125,220 shares during the last quarter. Geode Capital Management LLC increased its position in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after buying an additional 291,580 shares in the last quarter. Finally, Barclays PLC raised its stake in Copart by 0.4% in the third quarter. Barclays PLC now owns 6,042,734 shares of the business services provider’s stock valued at $316,639,000 after buying an additional 21,710 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 over the last quarter. 9.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Trading Down 2.5 %

NASDAQ CPRT opened at $58.22 on Friday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a fifty day simple moving average of $58.07 and a two-hundred day simple moving average of $55.61. The stock has a market cap of $56.10 billion, a P/E ratio of 41.00 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 18.96% and a net margin of 31.92%. As a group, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current 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.