Copart, Inc. (NASDAQ:CPRT) Shares Sold by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,911 shares of the business services provider’s stock after selling 6,388 shares during the period. Copart comprises about 1.5% of Intrepid Capital Management Inc.’s holdings, making the stock its 18th largest position. Intrepid Capital Management Inc.’s holdings in Copart were worth $2,979,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in Copart during the fourth quarter worth about $682,089,000. Madison Investment Advisors LLC acquired a new stake in Copart in the 4th quarter worth about $253,686,000. Bank of New York Mellon Corp raised its stake in Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the period. Franklin Resources Inc. raised its position in shares of Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after buying an additional 2,084,626 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Copart by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider’s stock worth $812,488,000 after purchasing an additional 1,785,741 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director James E. Meeks sold 100,000 shares of the company’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 is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold 385,480 shares of company stock valued at $21,667,683 over the last three months. 9.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Copart Stock Up 1.1 %

Shares of Copart stock opened at $57.21 on Wednesday. The business has a fifty day simple moving average of $56.32 and a 200-day simple moving average of $56.33. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 38.40 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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%. 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.