Kennedy Capital Management LLC Sells 5,364 Shares of Copart, Inc. (NASDAQ:CPRT)

Kennedy Capital Management LLC reduced its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 183,571 shares of the business services provider's stock after selling 5,364 shares during the quarter. Kennedy Capital Management LLC's holdings in Copart were worth $10,535,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPRT. HighPoint Advisor Group LLC increased its stake in shares of Copart by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock valued at $577,000 after buying an additional 175 shares in the last quarter. Sandy Spring Bank boosted its position in shares of Copart by 59.5% during 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 in the last quarter. Lindbrook Capital LLC grew its position in shares of Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after purchasing an additional 184 shares during the period. Everpar Advisors LLC lifted its holdings in shares of Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock valued at $276,000 after purchasing an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Down 0.8 %

Copart stock traded down $0.50 during trading hours on Wednesday, reaching $59.95. 1,402,575 shares of the company's stock were exchanged, compared to its average volume of 4,390,835. The firm's 50 day simple moving average is $56.17 and its 200 day simple moving average is $56.75. The firm has a market capitalization of $57.92 billion, a PE ratio of 40.23 and a beta of 1.22. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued 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 return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of the 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 transaction was disclosed in a legal 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 dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. 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. Corporate insiders own 9.68% of the company's stock.

Wall Street Analysts Forecast Growth

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