Advisory Services Network LLC Sells 4,413 Shares of Copart, Inc. (NASDAQ:CPRT)

Advisory Services Network LLC trimmed its holdings in Copart, Inc. (NASDAQ:CPRT) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,699 shares of the business services provider’s stock after selling 4,413 shares during the quarter. Advisory Services Network LLC’s holdings in Copart were worth $8,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sandy Spring Bank increased 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 valued at $27,000 after acquiring an additional 176 shares during the period. Quarry LP bought a new stake in shares of Copart during the third quarter valued at approximately $29,000. Curio Wealth LLC acquired a new position in shares of Copart in the fourth quarter valued at $52,000. Continuum Advisory LLC raised 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 valued at $55,000 after purchasing an additional 452 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in Copart in the fourth quarter worth $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Trading Up 0.7 %

NASDAQ CPRT opened at $54.59 on Wednesday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock’s 50 day moving average is $56.05 and its two-hundred day moving average is $56.48. The company has a market capitalization of $52.74 billion, a price-to-earnings ratio of 36.64 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced 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 return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.68% of the stock is owned by insiders.

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.