Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Keel Point LLC

Keel Point LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,810 shares of the business services provider’s stock after acquiring an additional 624 shares during the period. Keel Point LLC’s holdings in Copart were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sandy Spring Bank boosted its stake in Copart by 59.5% during the 4th 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 Copart during the fourth quarter valued at about $45,000. Curio Wealth LLC acquired a new position in Copart during the fourth quarter worth about $52,000. Retirement Wealth Solutions LLC bought a new stake in Copart in the fourth quarter worth about $54,000. Finally, Eastern Bank lifted its holdings in Copart by 115.1% in the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 640 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Up 1.2 %

Shares of NASDAQ CPRT opened at $61.22 on Friday. The stock’s fifty day simple moving average is $56.64 and its 200 day simple moving average is $57.31. The stock has a market capitalization of $59.14 billion, a price-to-earnings ratio of 41.09 and a beta of 1.22. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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 Activity at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of Copart 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by corporate insiders.

Copart 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.