Lawson Kroeker Investment Management Inc. NE Has $15.25 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Lawson Kroeker Investment Management Inc. NE cut its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269,415 shares of the business services provider's stock after selling 10,131 shares during the quarter. Copart makes up about 2.8% of Lawson Kroeker Investment Management Inc. NE's portfolio, making the stock its 8th largest position. Lawson Kroeker Investment Management Inc. NE's holdings in Copart were worth $15,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CPRT. Brighton Jones LLC raised its holdings in shares of Copart by 92.1% in the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider's stock valued at $816,000 after purchasing an additional 6,817 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in Copart during the fourth quarter worth about $221,000. Smartleaf Asset Management LLC increased its holdings in Copart by 6.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,725 shares of the business services provider's stock worth $449,000 after buying an additional 468 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Copart by 188.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,027 shares of the business services provider's stock worth $403,000 after buying an additional 4,594 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Copart during the fourth quarter worth about $273,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Price Performance

NASDAQ:CPRT traded up $0.06 on Thursday, reaching $49.14. 1,597,013 shares of the company's stock were exchanged, compared to its average volume of 4,857,284. The firm has a market cap of $47.51 billion, a price-to-earnings ratio of 32.37 and a beta of 1.07. Copart, Inc. has a 52 week low of $47.33 and a 52 week high of $64.38. The stock has a fifty day simple moving average of $54.77 and a 200-day simple moving average of $56.25.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. Copart had a net margin of 32.21% and a return on equity of 18.20%. The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CPRT shares. Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, May 23rd.

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.