Copart, Inc. (NASDAQ:CPRT) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 77.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,642 shares of the business services provider's stock after selling 12,275 shares during the quarter. 180 Wealth Advisors LLC's holdings in Copart were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sandy Spring Bank increased its holdings in Copart by 59.5% in the fourth 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. Sunbelt Securities Inc. purchased a new position in Copart in the 4th quarter valued at approximately $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Copart during the fourth quarter worth $45,000. Versant Capital Management Inc boosted its position in Copart by 1,567.9% during the first quarter. Versant Capital Management Inc now owns 884 shares of the business services provider's stock worth $50,000 after purchasing an additional 831 shares in the last quarter. Finally, Curio Wealth LLC acquired a new stake in Copart in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Analyst Ratings Changes

CPRT has been the topic of several recent research reports. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd.

Copart Stock Performance

Copart stock traded down $0.24 during midday trading on Thursday, reaching $50.14. 6,095,107 shares of the company were exchanged, compared to its average volume of 4,665,399. The company has a market capitalization of $48.44 billion, a price-to-earnings ratio of 33.65 and a beta of 1.10. The firm's 50-day simple moving average is $58.41 and its 200-day simple moving average is $57.96. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 in the last ninety days. Insiders own 9.68% of the company's stock.

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.