Focus Partners Advisor Solutions LLC Purchases 9,685 Shares of Copart, Inc. (NASDAQ:CPRT)

Focus Partners Advisor Solutions LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 163.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,593 shares of the business services provider's stock after purchasing an additional 9,685 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Copart were worth $895,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Sandy Spring Bank increased its stake in 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 period. Marshall & Sterling Wealth Advisors Inc. bought a new position in Copart during the fourth quarter valued at about $45,000. Curio Wealth LLC bought a new position in Copart during the fourth quarter valued at about $52,000. Itau Unibanco Holding S.A. increased its stake in Copart by 340.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock valued at $53,000 after acquiring an additional 708 shares during the period. Finally, Continuum Advisory LLC increased its stake in Copart by 26.2% during the fourth quarter. Continuum Advisory LLC now owns 1,214 shares of the business services provider's stock valued at $70,000 after acquiring an additional 252 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

Shares of CPRT traded down $0.49 on Thursday, hitting $51.56. The company's stock had a trading volume of 3,434,645 shares, compared to its average volume of 4,577,401. The company has a market capitalization of $49.81 billion, a PE ratio of 34.60 and a beta of 1.20. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The company has a 50 day moving average price of $58.85 and a 200 day moving average price of $58.18.

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Copart's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CPRT. Argus downgraded Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were 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 valued at $11,401,000 in the last three months. 9.68% of the stock is owned by corporate 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.