Copart, Inc. (NASDAQ:CPRT) Stock Position Decreased by Bowie Capital Management LLC

Bowie Capital Management LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,775,502 shares of the business services provider's stock after selling 34,708 shares during the period. Copart makes up approximately 5.4% of Bowie Capital Management LLC's holdings, making the stock its 6th largest holding. Bowie Capital Management LLC owned approximately 0.18% of Copart worth $101,896,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank boosted its holdings in Copart by 59.5% during 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 during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Copart in the fourth quarter worth approximately $45,000. Curio Wealth LLC purchased a new position in shares of Copart in the fourth quarter worth $52,000. Itau Unibanco Holding S.A. raised its holdings in Copart by 340.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock valued at $53,000 after buying an additional 708 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Copart during the 4th quarter valued at $54,000. Institutional investors own 85.78% of the company's stock.

Copart Trading Down 0.4 %

NASDAQ:CPRT traded down $0.26 during trading hours on Friday, reaching $61.52. 2,553,665 shares of the company traded hands, compared to its average volume of 4,413,778. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a market capitalization of $59.43 billion, a P/E ratio of 41.29 and a beta of 1.20. The business's 50-day moving average price is $57.26 and its two-hundred day moving average price is $57.58.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current 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.

Insider Buying and Selling at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,000 shares of company stock worth $11,401,000. Insiders own 9.68% of the company's stock.

Copart 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.