Knights of Columbus Asset Advisors LLC Acquires 21,750 Shares of Copart, Inc. (NASDAQ:CPRT)

Knights of Columbus Asset Advisors LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 63.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,110 shares of the business services provider’s stock after acquiring 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 quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Madison Investment Advisors LLC acquired a new position in shares of Copart in the fourth quarter worth approximately $253,686,000. Bank of New York Mellon Corp lifted its stake in shares of 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 worth $1,115,664,000 after acquiring an additional 3,667,534 shares during the period. Franklin Resources Inc. lifted its stake in shares of Copart by 335.8% in the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after acquiring an additional 2,084,626 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Copart in the fourth quarter worth approximately $69,162,000. Finally, Amundi lifted its stake in shares of Copart by 18.2% in the fourth quarter. Amundi now owns 7,080,834 shares of the business services provider’s stock worth $402,332,000 after acquiring an additional 1,090,841 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Stock Down 0.4 %

NASDAQ CPRT opened at $53.63 on Friday. The company has a market cap of $51.81 billion, a price-to-earnings 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. The business has a 50 day moving average price of $56.43 and a 200-day moving average price of $55.99.

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

Insider Buying and Selling

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the company’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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,480 shares of company stock worth $23,407,983. 9.68% of the stock is owned by corporate insiders.

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.