Ensign Peak Advisors Inc Decreases Holdings in Copart, Inc. (NASDAQ:CPRT)

Ensign Peak Advisors Inc decreased its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 72.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 140,839 shares of the business services provider's stock after selling 361,598 shares during the quarter. Ensign Peak Advisors Inc's holdings in Copart were worth $8,083,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CPRT. Sandy Spring Bank raised its holdings 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 valued at $27,000 after acquiring an additional 176 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Copart in the fourth quarter valued at approximately $45,000. Curio Wealth LLC purchased a new stake in shares of Copart in the fourth quarter valued at approximately $52,000. Itau Unibanco Holding S.A. grew its position in shares of Copart by 340.4% in the fourth 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 in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Copart Trading Up 1.4%

Copart stock traded up $0.87 during mid-day trading on Friday, hitting $63.84. The company's stock had a trading volume of 4,625,053 shares, compared to its average volume of 4,409,702. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock's fifty day moving average is $58.19 and its two-hundred day moving average is $57.96. The firm has a market capitalization of $61.68 billion, a PE ratio of 42.85 and a beta of 1.20.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.13 billion. On average, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of Copart 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of Copart stock in a transaction on Friday, April 11th. The shares were 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. Over the last ninety days, insiders sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

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.