Stevens Capital Management LP Buys New Stake in Copart, Inc. (NASDAQ:CPRT)

Stevens Capital Management LP purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,261 shares of the business services provider’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sandy Spring Bank grew its position in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. Cadence Bank grew its holdings in shares of Copart by 0.6% in the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after purchasing an additional 178 shares in the last quarter. Lindbrook Capital LLC increased its stake in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after buying an additional 184 shares during the period. Everpar Advisors LLC lifted its holdings in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after buying an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Copart by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after buying an additional 200 shares during the period. 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 note on Friday, March 14th.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction that occurred 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 through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 385,480 shares of company stock valued at $21,667,683. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Up 2.7 %

Shares of NASDAQ:CPRT opened at $55.06 on Tuesday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a market cap of $53.19 billion, a price-to-earnings ratio of 36.95 and a beta of 1.30. The firm’s 50 day moving average price is $56.42 and its 200 day moving average price is $56.07.

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, 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 analysts anticipate that Copart, Inc. will post 1.57 EPS 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.