Lido Advisors LLC Has $993,000 Stake in Copart, Inc. (NASDAQ:CPRT)

Lido Advisors LLC increased its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,307 shares of the business services provider's stock after purchasing an additional 5,528 shares during the period. Lido Advisors LLC's holdings in Copart were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its position in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Copart in the 4th quarter valued at about $45,000. Curio Wealth LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $52,000. Retirement Wealth Solutions LLC bought a new stake in Copart during the fourth quarter worth about $54,000. Finally, Eastern Bank boosted its position in Copart by 115.1% during the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock valued at $69,000 after purchasing an additional 640 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was 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 three months, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is owned by insiders.

Copart Price Performance

Copart stock opened at $61.22 on Friday. The company's 50-day moving average is $56.64 and its 200-day moving average is $57.33. The firm has a market capitalization of $59.14 billion, a PE ratio of 41.09 and a beta of 1.22. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, analysts expect 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.

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