Copart, Inc. (NASDAQ:CPRT) Shares Bought by DF Dent & Co. Inc.

DF Dent & Co. Inc. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 76.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 914,723 shares of the business services provider’s stock after buying an additional 397,130 shares during the quarter. DF Dent & Co. Inc.’s holdings in Copart were worth $52,496,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Copart during the 4th quarter worth approximately $682,089,000. Madison Investment Advisors LLC acquired a new stake in shares of Copart in the fourth quarter valued at approximately $253,686,000. Bank of New York Mellon Corp grew its position 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 worth $1,115,664,000 after acquiring an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock valued at $149,471,000 after acquiring an additional 2,084,626 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Copart by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider’s stock worth $812,488,000 after purchasing an additional 1,785,741 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.5 %

Copart stock opened at $57.47 on Thursday. The stock has a market capitalization of $55.52 billion, a price-to-earnings ratio of 38.57 and a beta of 1.30. The stock has a 50 day moving average of $56.31 and a two-hundred day moving average of $56.34. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly 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. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In other Copart news, Director James E. Meeks sold 100,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

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

About Copart

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.