Raiffeisen Bank International AG Purchases New Shares in Copart, Inc. (NASDAQ:CPRT)

Raiffeisen Bank International AG bought a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,339 shares of the business services provider's stock, valued at approximately $485,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sandy Spring Bank lifted its stake in shares of Copart by 59.5% during the 4th 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. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Copart in the fourth quarter valued at about $45,000. Curio Wealth LLC purchased a new position in shares of Copart in the fourth quarter valued at about $52,000. Itau Unibanco Holding S.A. boosted its stake in shares of Copart by 340.4% in the fourth 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 period. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Copart during the fourth quarter worth about $54,000. Institutional investors own 85.78% of the company's stock.

Copart Trading Down 0.9%

CPRT traded down $0.53 during trading on Wednesday, hitting $61.09. 5,440,226 shares of the company traded hands, compared to its average volume of 4,429,942. The company has a market cap of $59.02 billion, a PE ratio of 41.00 and a beta of 1.20. The stock's 50-day simple moving average is $58.58 and its two-hundred day simple moving average is $58.16. 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 data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Equities analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In related news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 in the last quarter. 9.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Argus downgraded Copart from a "buy" rating to a "hold" rating in a research note 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.