OMERS ADMINISTRATION Corp Cuts Position in Copart, Inc. (NASDAQ:CPRT)

OMERS ADMINISTRATION Corp lowered its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,496 shares of the business services provider's stock after selling 8,070 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Copart were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CPRT. Sandy Spring Bank increased its stake 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 buying an additional 176 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in Copart during the 4th quarter valued at approximately $45,000. Curio Wealth LLC purchased a new position in shares of Copart in the 4th quarter worth about $52,000. Itau Unibanco Holding S.A. lifted its stake in shares of Copart by 340.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock worth $53,000 after buying an additional 708 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Copart during the 4th quarter valued at $54,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

Shares of CPRT stock traded up $0.87 during trading hours on Friday, reaching $63.84. The company had a trading volume of 4,625,053 shares, compared to its average volume of 4,409,701. The business has a fifty day moving average price of $58.19 and a 200-day moving average price of $57.96. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The firm has a market cap of $61.68 billion, a PE ratio of 42.85 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. The firm 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%. Equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at Copart

In other news, Director Steven D. Cohan sold 5,003 shares of the company'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 quarter, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by corporate insiders.

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.