Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,821 shares of the business services provider's stock after purchasing an additional 17,277 shares during the period. Quantinno Capital Management LP's holdings in Copart were worth $6,360,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CPRT. Sandy Spring Bank increased its stake 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 acquiring an additional 176 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Copart in the fourth quarter valued at $45,000. Curio Wealth LLC acquired a new stake in shares of Copart in the 4th quarter worth about $52,000. Itau Unibanco Holding S.A. raised its holdings in shares of Copart by 340.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock worth $53,000 after acquiring an additional 708 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter valued at about $54,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Copart

In other news, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were 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 the business's stock in a transaction dated 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 sold a total of 200,000 shares of company stock valued at $11,401,000 over the last three months. Corporate insiders own 9.68% of the company's stock.

Copart Trading Down 2.9%

CPRT traded down $1.81 during midday trading on Tuesday, reaching $61.62. The company's stock had a trading volume of 6,823,892 shares, compared to its average volume of 4,421,546. The firm has a market capitalization of $59.53 billion, a price-to-earnings ratio of 41.36 and a beta of 1.20. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock's 50-day moving average is $58.40 and its 200-day moving average is $58.13.

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 analysts' consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.