Copart, Inc. (NASDAQ:CPRT) Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,336 shares of the business services provider's stock after selling 8,905 shares during the period. Copart comprises approximately 1.9% of Bellecapital International Ltd.'s investment portfolio, making the stock its 19th biggest position. Bellecapital International Ltd.'s holdings in Copart were worth $9,752,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sandy Spring Bank raised its stake 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 in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Copart during the fourth quarter valued at approximately $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Copart during the fourth quarter valued at approximately $45,000. Versant Capital Management Inc raised its stake in shares of Copart by 1,567.9% during the first quarter. Versant Capital Management Inc now owns 884 shares of the business services provider's stock valued at $50,000 after acquiring an additional 831 shares in the last quarter. Finally, Curio Wealth LLC bought a new stake in shares of Copart during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Down 2.8%

Shares of CPRT traded down $1.40 during trading hours on Friday, reaching $48.59. 8,554,170 shares of the company traded hands, compared to its average volume of 4,759,737. The stock has a market capitalization of $46.98 billion, a P/E ratio of 32.61 and a beta of 1.10. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The business has a fifty day moving average price of $57.58 and a 200-day moving average price of $57.47.

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

Insider Buying and Selling at Copart

In other news, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CPRT. JPMorgan Chase & Co. reduced 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. Argus downgraded Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

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.