Copart, Inc. (NASDAQ:CPRT) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in Copart, Inc. (NASDAQ:CPRT) by 28.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,886 shares of the business services provider’s stock after purchasing an additional 29,442 shares during the period. NEOS Investment Management LLC’s holdings in Copart were worth $7,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Principal Financial Group Inc. lifted its stake in Copart by 2.5% in 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 during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Copart by 25.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,856 shares of the business services provider’s stock worth $831,000 after purchasing an additional 3,177 shares during the last quarter. DRW Securities LLC acquired a new position in shares of Copart during the third quarter worth $448,000. Quantbot Technologies LP purchased a new position in Copart in the third quarter valued at $4,067,000. Finally, Brooklyn Investment Group increased its holdings in Copart by 19.5% in the third quarter. Brooklyn Investment Group now owns 5,271 shares of the business services provider’s stock valued at $276,000 after buying an additional 861 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders sold a total of 385,480 shares of company stock valued at $21,667,683 in the last three months. 9.68% of the stock is currently owned by company insiders.

Copart Trading Down 0.9 %

Shares of Copart stock opened at $55.07 on Thursday. The company has a fifty day simple moving average of $56.38 and a 200-day simple moving average of $56.10. The stock has a market cap of $53.20 billion, a price-to-earnings ratio of 36.96 and a beta of 1.30. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, analysts forecast 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.