Sherbrooke Park Advisers LLC Has $226,000 Stock Position in Copart, Inc. (NASDAQ:CPRT)

Sherbrooke Park Advisers LLC decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 84.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,936 shares of the business services provider's stock after selling 21,639 shares during the period. Sherbrooke Park Advisers LLC's holdings in Copart were worth $226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sandy Spring Bank grew its holdings in Copart by 59.5% in 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. bought a new stake in shares of Copart in the fourth quarter valued at about $45,000. Curio Wealth LLC acquired a new position in shares of Copart in the fourth quarter valued at about $52,000. Itau Unibanco Holding S.A. grew 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 valued at $53,000 after acquiring an additional 708 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Copart during the fourth quarter worth about $73,000. Institutional investors own 85.78% of the company's stock.

Copart Stock Down 11.5%

Shares of NASDAQ:CPRT traded down $6.99 during trading on Monday, reaching $53.67. 20,806,337 shares of the company traded hands, compared to its average volume of 4,519,197. The firm has a market capitalization of $51.85 billion, a PE ratio of 36.02 and a beta of 1.20. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company's 50 day moving average is $58.90 and its two-hundred day moving average is $58.28.

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 analysts' consensus estimates of $0.42. The business had revenue of $1.21 billion during 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 for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the company's 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have 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. lowered their target price on shares of Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday.

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.