Guardian Wealth Advisors LLC NC Has $2.67 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Guardian Wealth Advisors LLC NC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,602 shares of the business services provider's stock after purchasing an additional 5,384 shares during the quarter. Guardian Wealth Advisors LLC NC's holdings in Copart were worth $2,674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sandy Spring Bank increased its holdings 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 acquiring an additional 176 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Copart during the fourth quarter worth about $45,000. Curio Wealth LLC acquired a new stake in Copart in the 4th quarter valued at approximately $52,000. Itau Unibanco Holding S.A. boosted its position in Copart by 340.4% during the 4th 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 last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Copart in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Buying and Selling

In other Copart news, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of Copart stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction 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 valued at $11,401,000. Insiders own 9.68% of the company's stock.

Copart Price Performance

Copart stock traded up $0.19 during mid-day trading on Tuesday, hitting $62.35. 281,953 shares of the company's stock traded hands, compared to its average volume of 4,477,729. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a market cap of $60.23 billion, a price-to-earnings ratio of 41.82 and a beta of 1.20. The firm has a 50 day simple moving average of $57.42 and a two-hundred day simple moving average of $57.74.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. On average, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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