Xponance Inc. Has $11.08 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Xponance Inc. raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,102 shares of the business services provider’s stock after purchasing an additional 4,077 shares during the period. Xponance Inc.’s holdings in Copart were worth $11,082,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the last quarter. State Street Corp raised its position in Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after purchasing an additional 120,939 shares during the last quarter. Edgewood Management LLC raised its position 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 purchasing an additional 125,220 shares during the last quarter. Bank of New York Mellon Corp raised its position in Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 worth $979,547,000 after purchasing an additional 291,580 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Activity at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The sale 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 business’s stock in a transaction dated Thursday, January 2nd. The shares were 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. Insiders sold 315,480 shares of company stock valued at $18,007,983 in the last three months. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CPRT shares. Argus lowered Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. JPMorgan Chase & Co. lifted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

Copart Trading Down 1.5 %

CPRT stock opened at $52.92 on Wednesday. The stock has a 50-day moving average price of $56.58 and a 200-day moving average price of $56.02. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm has a market cap of $51.13 billion, a PE ratio of 35.52 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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 return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

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.