Copart, Inc. (NASDAQ:CPRT) Shares Sold by United Services Automobile Association

United Services Automobile Association decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 20,258 shares of the business services provider’s stock after selling 713 shares during the quarter. United Services Automobile Association’s holdings in Copart were worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sandy Spring Bank lifted its stake in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the period. Quarry LP acquired a new stake in shares of Copart during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC boosted its stake in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after acquiring an additional 608 shares in the last quarter. Curio Wealth LLC acquired a new stake in shares of Copart in the 4th quarter worth approximately $52,000. Finally, Continuum Advisory LLC increased its stake in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of the 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 available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,480 shares of company stock valued at $21,667,683. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

Copart Trading Down 0.4 %

NASDAQ:CPRT opened at $53.63 on Monday. The company has a market capitalization of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30. The firm has a 50-day moving average price of $56.43 and a two-hundred day moving average price of $56.03. Copart, Inc. has a twelve month low of $48.05 and a twelve month 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 analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current 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.