Integrated Wealth Concepts LLC Has $6.72 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Integrated Wealth Concepts LLC increased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,171 shares of the business services provider's stock after purchasing an additional 20,210 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Copart were worth $6,724,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. lifted its position in Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock worth $19,494,000 after purchasing an additional 8,300 shares during the period. National Pension Service lifted its position in Copart by 3.2% in the fourth 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 during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Copart by 289.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock valued at $1,970,000 after acquiring an additional 25,512 shares during the period. Tsai Capital Corp lifted its holdings in shares of Copart by 13.3% during the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after acquiring an additional 7,230 shares during the period. Finally, Kieckhefer Group LLC bought a new position in shares of Copart during the fourth quarter valued at $3,962,000. 85.78% of the stock is owned by institutional investors.

Insider Activity

In other 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 transaction 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 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. Insiders have sold 200,000 shares of company stock valued at $11,401,000 over the last three months. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Argus cut Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Copart Stock Performance

Shares of NASDAQ CPRT traded down $0.36 during midday trading on Thursday, reaching $60.67. 1,820,988 shares of the company traded hands, compared to its average volume of 4,413,488. The firm has a market cap of $58.62 billion, a PE ratio of 40.72 and a beta of 1.22. The stock's 50-day simple moving average is $56.48 and its 200-day simple moving average is $57.23. 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 posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.13 billion. On average, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.