Copart, Inc. (NASDAQ:CPRT) Holdings Raised by X Square Capital LLC

X Square Capital LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,749 shares of the business services provider’s stock after purchasing an additional 419 shares during the period. Copart accounts for 1.4% of X Square Capital LLC’s investment portfolio, making the stock its 19th biggest position. X Square Capital LLC’s holdings in Copart were worth $3,429,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPRT. Norges Bank acquired a new position in shares of Copart in the 4th quarter valued at about $682,089,000. Madison Investment Advisors LLC acquired a new position in Copart in the fourth quarter valued at approximately $253,686,000. Bank of New York Mellon Corp grew its holdings in shares of 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 valued at $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after purchasing an additional 2,084,626 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Copart during the 4th quarter valued at approximately $69,162,000. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, Argus cut 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 James E. Meeks sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 385,480 shares of company stock worth $21,667,683 over the last quarter. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Performance

CPRT opened at $55.64 on Friday. The company has a market capitalization of $53.75 billion, a PE ratio of 37.34 and a beta of 1.30. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The stock’s fifty day moving average is $56.36 and its 200-day moving average is $56.10.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal 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.