Ameriprise Financial Inc. lessened its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,952,297 shares of the business services provider's stock after selling 190,522 shares during the period. Ameriprise Financial Inc. owned approximately 0.20% of Copart worth $112,035,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Sandy Spring Bank lifted its holdings in Copart by 59.5% in 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 during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Copart during the fourth quarter valued at approximately $45,000. Curio Wealth LLC bought a new stake in Copart during the fourth quarter worth approximately $52,000. Itau Unibanco Holding S.A. grew its position 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 worth $53,000 after buying an additional 708 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Copart in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 85.78% of the company's stock.
Copart Price Performance
Shares of CPRT opened at $61.24 on Thursday. The company has a 50-day moving average of $56.98 and a two-hundred day moving average of $57.45. The stock has a market cap of $59.16 billion, a price-to-earnings ratio of 41.10 and a beta of 1.20. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.
Copart (NASDAQ:CPRT - Get Free Report) last posted 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 net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.
Analyst Ratings Changes
Separately, Argus lowered Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.
Read Our Latest Stock Analysis on Copart
Insider Activity
In other Copart news, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was 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. Over 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
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT - Free Report).
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