Copart, Inc. (NASDAQ:CPRT) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lowered its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,199 shares of the business services provider's stock after selling 13,173 shares during the period. Captrust Financial Advisors' holdings in Copart were worth $7,759,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Copart during the 4th quarter worth approximately $682,089,000. Madison Investment Advisors LLC acquired a new position in Copart during the 4th quarter worth approximately $253,686,000. Bank of New York Mellon Corp grew its holdings in Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock worth $1,115,664,000 after acquiring an additional 3,667,534 shares in the last quarter. Edgewood Management LLC boosted its holdings in shares of Copart by 14.1% in the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after buying an additional 2,907,405 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Copart by 14.4% in the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider's stock valued at $812,488,000 after buying an additional 1,785,741 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Argus cut shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Copart Price Performance

Shares of Copart stock traded up $0.64 during trading hours on Monday, hitting $62.16. The company had a trading volume of 4,203,210 shares, compared to its average volume of 4,414,993. The company's 50-day moving average is $57.26 and its two-hundred day moving average is $57.67. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company has a market cap of $60.05 billion, a P/E ratio of 41.72 and a beta of 1.20.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 in the last 90 days. 9.68% of the stock is owned by insiders.

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.