Avenir Corp Has $65.71 Million Position in Copart, Inc. (NASDAQ:CPRT)

Avenir Corp reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,144,948 shares of the business services provider's stock after selling 86,558 shares during the quarter. Copart accounts for 6.7% of Avenir Corp's holdings, making the stock its 6th biggest holding. Avenir Corp owned approximately 0.12% of Copart worth $65,709,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Farringdon Capital Ltd. bought a new position in shares of Copart in the 4th quarter valued at $472,000. NewEdge Advisors LLC lifted its holdings in shares of Copart by 10.3% during the fourth quarter. NewEdge Advisors LLC now owns 23,518 shares of the business services provider's stock worth $1,350,000 after purchasing an additional 2,191 shares during the period. Regal Investment Advisors LLC increased its position in shares of Copart by 2.0% during the fourth quarter. Regal Investment Advisors LLC now owns 11,900 shares of the business services provider's stock worth $683,000 after buying an additional 236 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Copart in the fourth quarter valued at $803,000. Finally, Jump Financial LLC raised its position in shares of Copart by 764.0% in the 4th quarter. Jump Financial LLC now owns 125,442 shares of the business services provider's stock worth $7,199,000 after acquiring an additional 110,923 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Copart Stock Up 2.8 %

Copart stock traded up $1.67 during trading on Tuesday, hitting $60.40. The stock had a trading volume of 791,252 shares, compared to its average volume of 4,399,237. The stock has a market cap of $58.35 billion, a price-to-earnings ratio of 40.56 and a beta of 1.22. The stock's 50 day moving average is $56.22 and its two-hundred day moving average is $56.97. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

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. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In related 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,000 shares of company stock valued at $11,401,000. Corporate 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.