Copart, Inc. (NASDAQ:CPRT) Stock Position Lowered by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,471 shares of the business services provider’s stock after selling 1,446 shares during the period. EFG Asset Management North America Corp.’s holdings in Copart were worth $2,036,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Copart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock worth $5,861,185,000 after purchasing an additional 976,909 shares during the last quarter. Stevens Capital Management LP bought a new stake in Copart during the fourth quarter worth approximately $245,000. LPL Financial LLC grew its position in Copart by 15.3% in the fourth quarter. LPL Financial LLC now owns 591,398 shares of the business services provider’s stock worth $33,940,000 after buying an additional 78,443 shares during the last quarter. Fortis Capital Management LLC increased its holdings in shares of Copart by 29.8% in the fourth quarter. Fortis Capital Management LLC now owns 76,853 shares of the business services provider’s stock valued at $4,411,000 after buying an additional 17,633 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Copart during the 4th quarter valued at $1,317,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,480 shares of company stock valued at $21,667,683. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $55.59 on Wednesday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a 50-day moving average of $56.40 and a two-hundred day moving average of $56.11. The stock has a market cap of $53.71 billion, a price-to-earnings ratio of 37.31 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.