Anchor Investment Management LLC Has $1.18 Million Position in Copart, Inc. (NASDAQ:CPRT)

Anchor Investment Management LLC lessened its position in Copart, Inc. (NASDAQ:CPRT) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,512 shares of the business services provider’s stock after selling 260 shares during the quarter. Anchor Investment Management LLC’s holdings in Copart were worth $1,177,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC lifted its position in shares of Copart by 11.0% in the fourth quarter. Guggenheim Capital LLC now owns 386,177 shares of the business services provider’s stock worth $22,163,000 after purchasing an additional 38,133 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Copart during the 4th quarter worth about $808,000. Comgest Global Investors S.A.S. lifted its position in Copart by 2.0% during the 4th quarter. Comgest Global Investors S.A.S. now owns 1,619,101 shares of the business services provider’s stock worth $92,920,000 after buying an additional 32,215 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Copart by 10.3% during the 4th quarter. XTX Topco Ltd now owns 31,259 shares of the business services provider’s stock worth $1,794,000 after buying an additional 2,931 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Copart by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 39,197 shares of the business services provider’s stock valued at $2,250,000 after acquiring an additional 1,371 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 1.0 %

NASDAQ CPRT opened at $60.45 on Wednesday. The firm has a market capitalization of $58.40 billion, a P/E ratio of 40.57 and a beta of 1.22. The firm’s fifty day moving average price is $56.17 and its two-hundred day moving average price is $56.75. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

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

Insider Buying and Selling at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock worth $11,401,000 over the last ninety days. Insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Argus cut Copart from a “buy” rating to a “hold” rating in a research 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.