Dark Forest Capital Management LP Boosts Holdings in Copart, Inc. (NASDAQ:CPRT)

Dark Forest Capital Management LP boosted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 221.9% 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 15,890 shares of the business services provider's stock after buying an additional 10,954 shares during the quarter. Dark Forest Capital Management LP's holdings in Copart were worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sandy Spring Bank grew its holdings in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Curio Wealth LLC purchased a new position in shares of Copart in the fourth quarter worth about $52,000. Retirement Wealth Solutions LLC bought a new stake in shares of Copart in the 4th quarter valued at about $54,000. Eastern Bank boosted its holdings in Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock valued at $69,000 after acquiring an additional 640 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in Copart during the 4th quarter worth approximately $73,000. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Down 0.0 %

NASDAQ CPRT traded down $0.00 on Tuesday, hitting $59.81. The company's stock had a trading volume of 682,198 shares, compared to its average volume of 4,611,327. The firm has a market cap of $57.78 billion, a P/E ratio of 40.14 and a beta of 1.22. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company's 50-day simple moving average is $56.34 and its 200 day simple moving average is $57.18.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the 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 disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock worth $11,401,000 over the last 90 days. 9.68% of the stock is 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.