Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lifted by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lifted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 11.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,055 shares of the business services provider's stock after buying an additional 8,095 shares during the period. Silvercrest Asset Management Group LLC's holdings in Copart were worth $4,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CPRT. Sandy Spring Bank grew its holdings 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 worth $27,000 after acquiring an additional 176 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Copart in the 4th quarter worth $45,000. Curio Wealth LLC acquired a new position in shares of Copart in the 4th quarter worth $52,000. Itau Unibanco Holding S.A. grew its holdings in shares of Copart by 340.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock worth $53,000 after acquiring an additional 708 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Copart in the 4th quarter worth $73,000. Institutional investors own 85.78% of the company's stock.

Insider Activity

In other 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 transaction of $5,400,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction on Monday, April 14th. The shares were 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. Over the last quarter, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by corporate insiders.

Copart Trading Down 0.7%

Shares of NASDAQ CPRT traded down $0.43 during mid-day trading on Thursday, reaching $60.66. The company had a trading volume of 6,508,552 shares, compared to its average volume of 4,441,647. The stock has a market cap of $58.60 billion, a PE ratio of 40.71 and a beta of 1.20. The company has a 50-day moving average price of $58.89 and a two-hundred day moving average price of $58.23. 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 issued its quarterly earnings results 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 return on equity of 19.31% and a net margin of 32.27%. During the same quarter in the prior year, the business earned $0.39 EPS. The firm's quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

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

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.