Dimensional Fund Advisors LP Raises Position in Copart, Inc. (NASDAQ:CPRT)

Dimensional Fund Advisors LP boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,751,965 shares of the business services provider’s stock after buying an additional 81,971 shares during the period. Dimensional Fund Advisors LP’s holdings in Copart were worth $157,958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CPRT. Epoch Investment Partners Inc. raised its holdings in shares of Copart by 1.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 3,019,079 shares of the business services provider’s stock valued at $173,265,000 after acquiring an additional 39,383 shares in the last quarter. Capital International Ltd. CA raised its stake in Copart by 1.7% in the fourth quarter. Capital International Ltd. CA now owns 256,272 shares of the business services provider’s stock valued at $14,707,000 after purchasing an additional 4,304 shares in the last quarter. Capital Group Investment Management PTE. LTD. lifted its position in Copart by 1.7% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 55,579 shares of the business services provider’s stock valued at $3,190,000 after purchasing an additional 938 shares during the last quarter. Capital International Sarl grew its stake in Copart by 8.0% in the 4th quarter. Capital International Sarl now owns 372,115 shares of the business services provider’s stock worth $21,356,000 after buying an additional 27,624 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Copart by 1.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,170,777 shares of the business services provider’s stock worth $67,153,000 after buying an additional 15,334 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 over the last three months. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

NASDAQ:CPRT opened at $61.97 on Friday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business has a 50 day moving average of $56.31 and a 200 day moving average of $57.09. The company has a market capitalization of $59.87 billion, a price-to-earnings ratio of 41.59 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

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.