Knights of Columbus Asset Advisors LLC Has $3.22 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Knights of Columbus Asset Advisors LLC grew its position in Copart, Inc. (NASDAQ:CPRT) by 63.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,110 shares of the business services provider’s stock after purchasing an additional 21,750 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Copart were worth $3,220,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased 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 acquiring an additional 941,858 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Copart by 34.0% in the third quarter. Thrivent Financial for Lutherans now owns 193,671 shares of the business services provider’s stock valued at $10,149,000 after purchasing an additional 49,149 shares in the last quarter. Quest Partners LLC bought a new position in Copart in the third quarter valued at $848,000. PNC Financial Services Group Inc. grew its position in Copart by 10.4% in the third quarter. PNC Financial Services Group Inc. now owns 242,705 shares of the business services provider’s stock valued at $12,718,000 after purchasing an additional 22,959 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Copart by 25.1% in the third quarter. Advisors Asset Management Inc. now owns 15,856 shares of the business services provider’s stock valued at $831,000 after purchasing an additional 3,177 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

NASDAQ CPRT opened at $53.63 on Friday. The firm has a 50-day moving average of $56.43 and a 200-day moving average of $55.99. The stock has a market cap of $51.81 billion, a PE ratio of 35.99 and a beta of 1.30. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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, analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity

In related news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,480 shares of company stock worth $23,407,983. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.