Pathstone Holdings LLC Acquires 6,968 Shares of Copart, Inc. (NASDAQ:CPRT)

Pathstone Holdings LLC raised its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,725 shares of the business services provider's stock after buying an additional 6,968 shares during the period. Pathstone Holdings LLC's holdings in Copart were worth $7,617,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Copart

In other news, Director James E. Meeks sold 100,000 shares of the 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 link. Also, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. 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 over the last quarter. Corporate insiders own 9.68% of the company's stock.

Copart Stock Down 2.9%

CPRT stock traded down $1.81 during trading hours on Tuesday, hitting $61.62. The company's stock had a trading volume of 6,823,892 shares, compared to its average volume of 4,421,546. The stock has a 50 day moving average price of $58.40 and a two-hundred day moving average price of $58.13. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company has a market capitalization of $59.53 billion, a PE ratio of 41.36 and a beta of 1.20.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company 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 earnings per share for the current 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.