Copart, Inc. (NASDAQ:CPRT) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,952,297 shares of the business services provider's stock after selling 190,522 shares during the quarter. Ameriprise Financial Inc. owned 0.20% of Copart worth $112,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new position in Copart during the 4th quarter worth $9,995,000. Aptus Capital Advisors LLC raised its holdings in shares of Copart by 12.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 240,114 shares of the business services provider's stock valued at $13,780,000 after acquiring an additional 27,505 shares in the last quarter. AXA S.A. lifted its stake in Copart by 0.8% in the fourth quarter. AXA S.A. now owns 347,901 shares of the business services provider's stock worth $19,966,000 after acquiring an additional 2,824 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Copart by 23.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 64,478 shares of the business services provider's stock worth $3,700,000 after acquiring an additional 12,262 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its position in Copart by 340.4% during the 4th 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 period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of Copart 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 disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock worth $11,401,000 over the last 90 days. 9.68% of the stock is currently owned by corporate insiders.

Copart Price Performance

Copart stock traded up $0.29 during trading hours on Tuesday, reaching $62.45. The stock had a trading volume of 1,224,744 shares, compared to its average volume of 4,402,752. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The business's 50 day moving average price is $57.42 and its 200-day moving average price is $57.74. The company has a market cap of $60.33 billion, a price-to-earnings ratio of 41.91 and a beta of 1.20.

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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 the consensus estimate of $1.13 billion. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.