Mitsubishi UFJ Trust & Banking Corp Has $40.71 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 709,379 shares of the business services provider’s stock after selling 40,615 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Copart were worth $40,711,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CPRT. 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 valued at $19,494,000 after buying an additional 8,300 shares during the period. National Pension Service increased its position in Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares during the period. Kieckhefer Group LLC acquired a new stake in Copart in the fourth quarter worth about $3,962,000. Sanctuary Advisors LLC raised its holdings in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its position in Copart by 47.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after purchasing an additional 126,436 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.9 %

CPRT stock opened at $55.07 on Thursday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company has a market cap of $53.20 billion, a P/E ratio of 36.96 and a beta of 1.30. The business’s fifty day moving average is $56.38 and its 200-day moving average is $56.10.

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. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold 385,480 shares of company stock valued at $21,667,683 in the last 90 days. 9.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Copart 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.