Nitorum Capital L.P. Has $19.42 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Nitorum Capital L.P. trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,426 shares of the business services provider's stock after selling 109,443 shares during the quarter. Copart accounts for approximately 2.2% of Nitorum Capital L.P.'s portfolio, making the stock its 23rd largest holding. Nitorum Capital L.P.'s holdings in Copart were worth $19,422,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after purchasing an additional 8,300 shares during the last quarter. National Pension Service increased its stake in Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after acquiring an additional 48,334 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Copart by 289.6% in the 4th 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 purchasing an additional 25,512 shares in the last quarter. Tsai Capital Corp raised its holdings in Copart by 13.3% in the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after buying an additional 7,230 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in Copart during the fourth quarter worth approximately $3,962,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Copart Stock Performance

Shares of CPRT traded up $0.52 during midday trading on Wednesday, hitting $61.03. 4,199,547 shares of the stock traded hands, compared to its average volume of 3,669,642. Copart, Inc. has a 1-year low of $59.46 and a 1-year high of $61.52. The business's 50 day moving average price is $56.39 and its two-hundred day moving average price is $57.20. The firm has a market capitalization of $58.96 billion, a PE ratio of 40.96 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of Copart stock in a transaction dated Friday, April 11th. The stock was 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. Insiders sold a total of 200,000 shares of company stock valued at $11,401,000 in the last three months. 9.68% of the stock is currently owned by corporate insiders.

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.