Cetera Investment Advisers Has $10.10 Million Position in Copart, Inc. (NASDAQ:CPRT)

Cetera Investment Advisers trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,000 shares of the business services provider's stock after selling 5,219 shares during the quarter. Cetera Investment Advisers' holdings in Copart were worth $10,101,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HighPoint Advisor Group LLC increased its position in Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock worth $577,000 after purchasing an additional 175 shares during the last quarter. Sandy Spring Bank grew its stake in shares of 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 buying an additional 176 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Copart by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock worth $345,000 after buying an additional 184 shares during the last quarter. Everpar Advisors LLC raised its position in Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock valued at $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

Shares of CPRT traded up $0.55 during trading hours on Thursday, hitting $62.97. 4,601,456 shares of the company were exchanged, compared to its average volume of 4,410,777. The company has a market cap of $60.83 billion, a PE ratio of 42.26 and a beta of 1.20. The firm's 50 day moving average is $57.77 and its 200-day moving average is $57.81. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

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 (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 firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. As a group, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock worth $11,401,000 in the last quarter. 9.68% of the stock is currently owned by company insiders.

Copart Company 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.