Copart, Inc. (NASDAQ:CPRT) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 311,302 shares of the business services provider’s stock after selling 766 shares during the period. Corebridge Financial Inc.’s holdings in Copart were worth $17,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Sandy Spring Bank lifted 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 purchasing an additional 176 shares during the last quarter. Quarry LP purchased a new stake in shares of Copart during the 3rd quarter worth approximately $29,000. True Wealth Design LLC boosted its holdings in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares in the last quarter. Curio Wealth LLC purchased a new position in shares of Copart in the 4th quarter valued at $52,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Copart during the 4th quarter worth $54,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In related news, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,480 shares of company stock worth $21,667,683. 9.68% of the stock is owned by company insiders.

Copart Stock Up 2.7 %

CPRT opened at $55.06 on Tuesday. The firm has a market cap of $53.19 billion, a price-to-earnings ratio of 36.95 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The business’s 50 day moving average is $56.42 and its two-hundred day moving average is $56.07.

Copart (NASDAQ:CPRT) last announced its earnings results 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 analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.