Waterloo Capital L.P. Has $1.79 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Waterloo Capital L.P. increased its position in Copart, Inc. (NASDAQ:CPRT) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,236 shares of the business services provider’s stock after purchasing an additional 1,272 shares during the quarter. Waterloo Capital L.P.’s holdings in Copart were worth $1,793,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CPRT. Vanguard Group Inc. increased its holdings in shares of Copart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock valued at $5,861,185,000 after purchasing an additional 976,909 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after buying an additional 941,858 shares during the period. Bank of New York Mellon Corp grew its stake in Copart by 23.3% in the 4th 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. Geode Capital Management LLC raised its holdings in Copart by 2.2% in the 4th 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 acquiring an additional 408,677 shares during the period. Finally, Wellington Management Group LLP lifted its position in Copart by 14.4% during the fourth quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider’s stock worth $812,488,000 after acquiring an additional 1,785,741 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

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 stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.68% of the stock is owned by company insiders.

Copart Stock Performance

CPRT opened at $54.51 on Monday. The stock has a fifty day moving average of $56.23 and a 200-day moving average of $56.45. The company has a market capitalization of $52.66 billion, a P/E ratio of 36.58 and a beta of 1.22. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two 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 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The business 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%. On average, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.