Dimensional Fund Advisors LP decreased its stake in Copart, Inc. (NASDAQ:CPRT) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 728,250 shares of the business services provider’s stock after selling 42,570 shares during the period. Dimensional Fund Advisors LP owned about 0.64% of Copart worth $40,353,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. Lazard Asset Management LLC increased its position in shares of Copart by 10.7% in the third quarter. Lazard Asset Management LLC now owns 7,676,299 shares of the business services provider’s stock valued at $411,142,000 after buying an additional 740,773 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Copart by 2.7% in the third quarter. Principal Financial Group Inc. now owns 3,680,433 shares of the business services provider’s stock valued at $197,125,000 after buying an additional 95,287 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Copart by 2.3% in the third quarter. BlackRock Fund Advisors now owns 3,565,895 shares of the business services provider’s stock valued at $190,989,000 after buying an additional 80,384 shares in the last quarter. Wasatch Advisors Inc. increased its position in shares of Copart by 2.0% in the third quarter. Wasatch Advisors Inc. now owns 3,430,615 shares of the business services provider’s stock valued at $183,744,000 after buying an additional 66,774 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Copart by 4.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,575,559 shares of the business services provider’s stock valued at $137,947,000 after buying an additional 119,649 shares in the last quarter. 79.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Copart, Inc. (NASDAQ:CPRT) traded up 0.03% during mid-day trading on Friday, reaching $30.24. 511,571 shares of the company’s stock were exchanged. Copart, Inc. has a one year low of $29.64 and a one year high of $63.14. The company has a market capitalization of $6.95 billion, a PE ratio of 18.31 and a beta of 1.00. The company’s 50-day moving average price is $53.87 and its 200-day moving average price is $55.20.
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CPRT has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 target price on shares of Copart in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $53.67.
In related news, Director James E. Meeks sold 16,500 shares of the business’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $60.52, for a total value of $998,580.00. Following the completion of the sale, the director now owns 16,500 shares of the company’s stock, valued at approximately $998,580. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO A Jayson Adair sold 200,000 shares of the business’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $62.06, for a total transaction of $12,412,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 269,703 shares of company stock valued at $16,631,490. 17.00% of the stock is owned by insiders.
Copart Company Profile
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
