Copart, Inc. (NASDAQ:CPRT) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its position in Copart, Inc. (NASDAQ:CPRT) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,175,453 shares of the business services provider’s stock after selling 45,354 shares during the quarter. Copart makes up approximately 0.9% of Blair William & Co. IL’s portfolio, making the stock its 20th biggest position. Blair William & Co. IL’s holdings in Copart were worth $297,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPRT. Mn Services Vermogensbeheer B.V. increased its stake in Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after buying an additional 8,300 shares during the period. National Pension Service grew its stake in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after acquiring an additional 48,334 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Copart during the fourth quarter worth $3,962,000. Sanctuary Advisors LLC raised its stake in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after acquiring an additional 9,222 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its holdings in Copart by 47.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after purchasing an additional 126,436 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Copart news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on 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. Insiders sold a total of 385,480 shares of company stock worth $21,667,683 over the last 90 days. 9.68% of the stock is owned by insiders.

Copart Trading Down 0.9 %

Shares of CPRT opened at $55.07 on Thursday. The firm has a market capitalization of $53.20 billion, a price-to-earnings ratio of 36.96 and a beta of 1.30. The firm’s fifty day simple moving average is $56.38 and its 200-day simple moving average is $56.10. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Copart

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.