Copart, Inc. (NASDAQ:CPRT) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,830 shares of the business services provider’s stock after selling 1,468 shares during the period. Arkadios Wealth Advisors’ holdings in Copart were worth $3,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CPRT. Principal Financial Group Inc. grew its stake in shares of 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 in the last quarter. State Street Corp grew its stake in Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Edgewood Management LLC increased its holdings in Copart by 0.6% during the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after purchasing an additional 125,220 shares during the period. Geode Capital Management LLC raised its position in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Copart by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock valued at $376,035,000 after buying an additional 598,566 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last quarter. 9.68% of the stock is owned by insiders.

Copart Stock Performance

CPRT opened at $56.90 on Friday. Copart, Inc. has a one year low of $47.51 and a one year high of $64.38. The company has a market cap of $54.82 billion, a P/E ratio of 40.07 and a beta of 1.33. The business’s 50-day simple moving average is $59.07 and its 200-day simple moving average is $54.71.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. As a group, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price target on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.

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.