Argent Trust Co Purchases 1,226 Shares of Copart, Inc. (NASDAQ:CPRT)

Argent Trust Co lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,059 shares of the business services provider’s stock after purchasing an additional 1,226 shares during the quarter. Argent Trust Co’s holdings in Copart were worth $1,209,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sandy Spring Bank raised its position in Copart by 59.5% in the 4th 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 period. Quarry LP purchased a new position in Copart during the 3rd quarter valued at $29,000. Curio Wealth LLC bought a new position in Copart in the fourth quarter worth about $52,000. Continuum Advisory LLC lifted its stake in shares of Copart by 88.6% in the 3rd 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 during the period. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Copart during the 4th quarter valued at $54,000. Institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $59.84 on Friday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The company has a fifty day moving average of $56.12 and a 200 day moving average of $56.64. The company has a market capitalization of $57.81 billion, a P/E ratio of 40.16 and a beta of 1.22.

Copart (NASDAQ:CPRT) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.13 billion. Analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a report 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.