NorthRock Partners LLC Buys New Position in Copart, Inc. (NASDAQ:CPRT)

NorthRock Partners LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,320 shares of the business services provider's stock, valued at approximately $535,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. HighPoint Advisor Group LLC raised its stake in 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 purchasing an additional 175 shares in the last quarter. Sandy Spring Bank raised its stake in 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 acquiring an additional 176 shares in the last quarter. Lindbrook Capital LLC raised its stake in Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock worth $345,000 after acquiring an additional 184 shares in the last quarter. Everpar Advisors LLC raised its stake in Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock worth $4,314,000 after acquiring an additional 200 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Transactions at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,000 shares of company stock worth $11,401,000. Insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

Shares of NASDAQ:CPRT traded down $1.81 during midday trading on Tuesday, hitting $61.62. 6,823,892 shares of the stock were exchanged, compared to its average volume of 4,416,948. The stock has a market capitalization of $59.53 billion, a price-to-earnings ratio of 41.36 and a beta of 1.20. The business's 50-day moving average price is $58.40 and its 200 day moving average price is $58.13. 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 released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion for 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, sell-side 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.