Copart, Inc. (NASDAQ:CPRT) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,671,424 shares of the business services provider’s stock after buying an additional 889,989 shares during the quarter. Copart makes up approximately 0.9% of William Blair Investment Management LLC’s investment portfolio, making the stock its 13th largest position. William Blair Investment Management LLC owned approximately 0.69% of Copart worth $382,873,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cadence Bank raised its position in shares of Copart by 0.6% in the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after buying an additional 178 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after purchasing an additional 184 shares during the last quarter. Everpar Advisors LLC grew its position in shares of Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 199 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after buying an additional 200 shares in the last quarter. Finally, Simmons Bank boosted its stake in Copart by 4.4% during the fourth quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock worth $271,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.7 %

NASDAQ:CPRT opened at $52.65 on Monday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The stock’s fifty day moving average is $56.71 and its two-hundred day moving average is $56.01. The company has a market capitalization of $50.86 billion, a P/E ratio of 35.34 and a beta of 1.30.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,480 shares of company stock valued at $18,007,983. Company insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

CPRT has been the topic of several recent research reports. Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

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.