Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,865 shares of the business services provider’s stock after acquiring an additional 896 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Copart were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CPRT. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Copart by 1,212.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock worth $390,000 after acquiring an additional 2,873 shares during the period. Panagora Asset Management Inc. grew its position in Copart by 14.6% during the first quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock worth $1,061,000 after buying an additional 1,079 shares during the period. Vontobel Holding Ltd. grew its position in Copart by 52.1% during the first quarter. Vontobel Holding Ltd. now owns 10,823 shares of the business services provider’s stock worth $1,380,000 after buying an additional 3,707 shares during the period. National Pension Service grew its position in Copart by 5.0% during the first quarter. National Pension Service now owns 286,903 shares of the business services provider’s stock worth $35,998,000 after buying an additional 13,666 shares during the period. Finally, Vanguard Group Inc. grew its position in Copart by 1.2% during the first quarter. Vanguard Group Inc. now owns 22,968,882 shares of the business services provider’s stock worth $2,881,905,000 after buying an additional 270,867 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock valued at $55,519,950 over the last quarter. Company insiders own 10.23% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $56.28 on Tuesday. The company has a market capitalization of $54.11 billion, a price-to-earnings ratio of 40.49 and a beta of 1.22. The company’s 50 day simple moving average is $53.47 and its 200 day simple moving average is $49.41. Copart, Inc. has a 1 year low of $36.83 and a 1 year high of $58.58.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Equities analysts expect that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CPRT has been the topic of several recent analyst reports. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. increased their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.00.

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.