Copart, Inc. (NASDAQ:CPRT) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,839 shares of the business services provider’s stock after selling 680 shares during the quarter. Wealthspire Advisors LLC’s holdings in Copart were worth $393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Private Advisor Group LLC grew its position in Copart by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider’s stock worth $1,363,000 after purchasing an additional 230 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Copart during the 3rd quarter worth approximately $4,330,000. Wealth Enhancement Advisory Services LLC grew its position in Copart by 74.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 71,541 shares of the business services provider’s stock worth $3,749,000 after purchasing an additional 30,492 shares in the last quarter. abrdn plc grew its position in Copart by 17.8% during the 3rd quarter. abrdn plc now owns 278,934 shares of the business services provider’s stock worth $14,576,000 after purchasing an additional 42,182 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its position in Copart by 111.0% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 12,206 shares of the business services provider’s stock worth $640,000 after purchasing an additional 6,420 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

Copart Stock Down 0.9 %

Copart stock opened at $56.27 on Thursday. The company’s fifty day simple moving average is $57.75 and its 200-day simple moving average is $55.82. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The stock has a market cap of $54.22 billion, a P/E ratio of 37.77 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were 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. In the last 90 days, insiders sold 398,790 shares of company stock valued at $23,161,540. Insiders own 9.68% of the company’s stock.

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.