Copart, Inc. (NASDAQ:CPRT) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC cut its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,882 shares of the business services provider's stock after selling 19,431 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Copart were worth $3,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CPRT. Sandy Spring Bank grew its position in shares of Copart by 59.5% during 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 in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Copart during the 4th quarter worth $45,000. Curio Wealth LLC acquired a new stake in shares of Copart in the 4th quarter valued at about $52,000. Retirement Wealth Solutions LLC acquired a new position in Copart in the fourth quarter worth about $54,000. Finally, Eastern Bank raised its stake in 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 buying an additional 640 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,000 shares of company stock valued at $11,401,000. Insiders own 9.68% of the company's stock.

Copart Trading Up 1.2 %

CPRT traded up $0.72 on Friday, hitting $61.22. 3,152,111 shares of the company's stock were exchanged, compared to its average volume of 4,422,009. The stock has a fifty day moving average of $56.64 and a two-hundred day moving average of $57.33. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm has a market cap of $59.14 billion, a PE ratio of 41.09 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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 business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. On average, analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

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

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.