Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. boosted its position in Copart, Inc. (NASDAQ:CPRT) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 49,135 shares of the business services provider’s stock after buying an additional 406 shares during the quarter. Principal Securities Inc.’s holdings in Copart were worth $2,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of 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 buying an additional 941,858 shares in the last quarter. State Street Corp boosted 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 acquiring an additional 120,939 shares during the period. Edgewood Management LLC boosted its holdings in shares of Copart by 0.6% during the third 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 period. Geode Capital Management LLC grew its holdings in shares of 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 acquiring an additional 291,580 shares in the last quarter. Finally, Barclays PLC grew 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 purchasing an additional 21,710 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Down 0.7 %

Shares of CPRT stock opened at $59.39 on Tuesday. The stock has a 50 day moving average of $58.24 and a two-hundred day moving average of $55.50. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company has a market capitalization of $57.22 billion, a P/E ratio of 41.82 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last three months. Insiders own 9.68% of the company’s stock.

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.