52,648 Shares in Copart, Inc. (NASDAQ:CPRT) Purchased by Woodline Partners LP

Woodline Partners LP purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 52,648 shares of the business services provider's stock, valued at approximately $3,021,000.

Several other institutional investors have also recently made changes to their positions in the company. Sandy Spring Bank increased its position in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Copart in the 4th quarter worth approximately $45,000. Curio Wealth LLC purchased a new position in Copart in the 4th quarter worth approximately $52,000. Itau Unibanco Holding S.A. increased its holdings in shares of Copart by 340.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock worth $53,000 after buying an additional 708 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Copart during the 4th quarter valued at $73,000. Institutional investors own 85.78% of the company's stock.

Insider Activity

In other Copart news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were 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. Over the last three months, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by insiders.

Copart Trading Down 1.5%

Shares of CPRT stock traded down $0.77 during trading hours on Wednesday, hitting $52.05. 10,020,399 shares of the company's stock were exchanged, compared to its average volume of 4,579,469. The company has a market capitalization of $50.29 billion, a PE ratio of 34.93 and a beta of 1.20. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The business's 50 day simple moving average is $58.88 and its 200-day simple moving average is $58.22.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Argus cut Copart from a "buy" rating to a "hold" rating in a report 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.