PAX Financial Group LLC Reduces Stake in Copart, Inc. (NASDAQ:CPRT)

by · The Cerbat Gem

PAX Financial Group LLC lessened its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,184 shares of the business services provider’s stock after selling 595 shares during the quarter. PAX Financial Group LLC’s holdings in Copart were worth $814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sandy Spring Bank boosted its holdings 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 purchasing an additional 176 shares during the last quarter. Quarry LP acquired a new position in shares of Copart in the 3rd quarter valued at about $29,000. Curio Wealth LLC purchased a new stake in shares of Copart in the fourth quarter worth about $52,000. Continuum Advisory LLC boosted its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after buying an additional 452 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Copart during the fourth quarter valued at approximately $54,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Copart news, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated 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. Insiders own 9.68% of the company’s stock.

Copart Stock Down 1.4 %

CPRT stock opened at $56.64 on Friday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company’s 50-day simple moving average is $56.29 and its 200-day simple moving average is $56.34. The firm has a market cap of $54.72 billion, a P/E ratio of 38.01 and a beta of 1.22.

Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company 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%. On average, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on CPRT

About Copart

(Free Report)

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.

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