Copart, Inc. (NASDAQ:CPRT) is Weybosset Research & Management LLC's Largest Position

Weybosset Research & Management LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 622,982 shares of the business services provider's stock after selling 10,807 shares during the quarter. Copart accounts for approximately 12.3% of Weybosset Research & Management LLC's holdings, making the stock its biggest position. Weybosset Research & Management LLC owned about 0.06% of Copart worth $35,255,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mn Services Vermogensbeheer B.V. lifted its position in shares of Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after buying an additional 8,300 shares in the last quarter. National Pension Service lifted its holdings in Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after purchasing an additional 48,334 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Copart by 289.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock worth $1,970,000 after purchasing an additional 25,512 shares in the last quarter. Tsai Capital Corp lifted its holdings in Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock worth $3,540,000 after purchasing an additional 7,230 shares in the last quarter. Finally, Voleon Capital Management LP purchased a new position in Copart in the 4th quarter worth approximately $1,314,000. 85.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $5,400,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Argus cut Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective on Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd.

Copart Trading Down 0.2%

Shares of NASDAQ CPRT traded down $0.09 during trading hours on Thursday, hitting $50.29. 2,190,720 shares of the company traded hands, compared to its average volume of 4,650,484. The stock has a market capitalization of $48.58 billion, a price-to-earnings ratio of 33.75 and a beta of 1.10. The company's 50 day moving average price is $58.41 and its 200 day moving average price is $57.96. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm 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%. The company'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 company posted $0.39 EPS. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

About Copart

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.