Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,019,079 shares of the business services provider’s stock after buying an additional 39,383 shares during the period. Epoch Investment Partners Inc.’s holdings in Copart were worth $173,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPRT. Vanguard Group Inc. grew its position in shares of Copart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock worth $5,861,185,000 after buying an additional 976,909 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the last quarter. Edgewood Management LLC grew its stake in Copart by 14.1% in the fourth quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider’s stock worth $1,346,548,000 after purchasing an additional 2,907,405 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Copart by 23.3% in the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock valued at $1,115,664,000 after buying an additional 3,667,534 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Copart by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider’s stock valued at $1,097,153,000 after buying an additional 408,677 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Up 0.4 %

Shares of CPRT stock opened at $59.68 on Friday. The business has a 50 day moving average of $56.22 and a two-hundred day moving average of $56.87. The company has a market cap of $57.66 billion, a P/E ratio of 40.05 and a beta of 1.22. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

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

Analyst Upgrades and Downgrades

Separately, Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a 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 value of $300,230.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Meeks sold 100,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock valued at $11,401,000 in the last ninety days. Company insiders own 9.68% of the company’s stock.

Copart 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.