Snyder Capital Management L P Has $79.90 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Snyder Capital Management L P raised its position in Copart, Inc. (NASDAQ:CPRT) by 4.1% during the 4th quarter, HoldingsChannel reports. The fund owned 1,392,234 shares of the business services provider’s stock after buying an additional 55,216 shares during the quarter. Copart comprises about 1.7% of Snyder Capital Management L P’s portfolio, making the stock its 23rd largest holding. Snyder Capital Management L P’s holdings in Copart were worth $79,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. HighPoint Advisor Group LLC raised its position in Copart by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock worth $577,000 after purchasing an additional 175 shares during the last quarter. Sandy Spring Bank grew its position in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Lindbrook Capital LLC grew its position in Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after buying an additional 184 shares during the period. Everpar Advisors LLC lifted its position in shares of Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after buying an additional 199 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Copart by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after buying an additional 200 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Insiders Place Their Bets

In other Copart news, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock valued at $11,401,000 over the last ninety days. 9.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Copart Stock Up 1.5 %

Shares of CPRT stock opened at $61.97 on Friday. The stock has a market cap of $59.87 billion, a price-to-earnings ratio of 41.59 and a beta of 1.22. The business’s fifty day moving average is $56.31 and its 200 day moving average is $57.09. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.