Jump Financial LLC Has $7.20 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Jump Financial LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 764.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 125,442 shares of the business services provider's stock after acquiring an additional 110,923 shares during the period. Jump Financial LLC's holdings in Copart were worth $7,199,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Sandy Spring Bank boosted its position in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after acquiring an additional 176 shares during the last quarter. Curio Wealth LLC acquired a new stake in Copart in the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $54,000. Eastern Bank raised its stake in shares of Copart by 115.1% during the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock valued at $69,000 after purchasing an additional 640 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Copart in the 4th quarter worth $73,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity at Copart

In related news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were 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. Insiders sold a total of 200,000 shares of company stock valued at $11,401,000 in the last quarter. Insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

Shares of Copart stock traded down $0.78 during trading on Monday, reaching $58.90. The company had a trading volume of 623,678 shares, compared to its average volume of 4,401,766. The company has a market cap of $56.90 billion, a price-to-earnings ratio of 39.53 and a beta of 1.22. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm's fifty day moving average is $56.22 and its 200-day moving average is $56.93.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. On average, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.