Whittier Trust Co. Raises Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 495,804 shares of the business services provider’s stock after purchasing an additional 18,988 shares during the quarter. Whittier Trust Co.’s holdings in Copart were worth $28,449,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after buying an additional 941,858 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Copart by 34.0% during the third quarter. Thrivent Financial for Lutherans now owns 193,671 shares of the business services provider’s stock worth $10,149,000 after acquiring an additional 49,149 shares during the last quarter. MAI Capital Management raised its position in Copart by 53.4% during the third quarter. MAI Capital Management now owns 70,803 shares of the business services provider’s stock valued at $3,710,000 after purchasing an additional 24,654 shares during the period. Quest Partners LLC purchased a new stake in Copart during the third quarter valued at approximately $848,000. Finally, Meeder Advisory Services Inc. lifted its stake in shares of Copart by 12.9% in the 3rd quarter. Meeder Advisory Services Inc. now owns 17,648 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 2,021 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Argus lowered Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Insider Transactions at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $13,384,683.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is currently owned by insiders.

Copart Price Performance

Copart stock opened at $53.88 on Thursday. The firm has a market capitalization of $52.05 billion, a P/E ratio of 36.16 and a beta of 1.30. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company’s 50-day moving average is $56.53 and its 200 day moving average is $56.00.

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

About Copart

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.