Woodmont Investment Counsel LLC Has $784,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Woodmont Investment Counsel LLC decreased its position in Copart, Inc. (NASDAQ:CPRT) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,660 shares of the business services provider’s stock after selling 2,880 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Copart were worth $784,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Madison Investment Advisors LLC bought a new position in shares of Copart during the fourth quarter worth about $253,686,000. Bank of New York Mellon Corp raised its holdings in shares of Copart by 23.3% in the fourth 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 purchasing an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Copart by 335.8% in the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after purchasing an additional 2,084,626 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Copart during the fourth quarter worth $69,162,000. Finally, Amundi grew its position in Copart by 18.2% in the fourth quarter. Amundi now owns 7,080,834 shares of the business services provider’s stock valued at $402,332,000 after purchasing an additional 1,090,841 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $55.06 on Tuesday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The stock has a market capitalization of $53.19 billion, a PE ratio of 36.95 and a beta of 1.30. The stock has a 50 day moving average price of $56.42 and a 200 day moving average price of $56.07.

Copart (NASDAQ:CPRT) last issued its earnings results 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. The business had revenue of $1.16 billion for 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%. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold 385,480 shares of company stock worth $21,667,683 in the last ninety days. Insiders own 9.68% of the company’s stock.

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.