Creative Financial Designs Inc. ADV Has $64,000 Position in Copart, Inc. (NASDAQ:CPRT)

Creative Financial Designs Inc. ADV trimmed its holdings in Copart, Inc. (NASDAQ:CPRT) by 15.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,108 shares of the business services provider’s stock after selling 200 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Copart were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Madison Investment Advisors LLC bought a new position in shares of Copart during the 4th quarter worth approximately $253,686,000. Bank of New York Mellon Corp boosted 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 acquiring an additional 3,667,534 shares in the last quarter. Franklin Resources Inc. boosted its stake in Copart by 335.8% during the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after acquiring an additional 2,084,626 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Copart in the fourth quarter worth $69,162,000. Finally, Amundi increased its stake in Copart by 18.2% in the fourth quarter. Amundi now owns 7,080,834 shares of the business services provider’s stock valued at $402,332,000 after purchasing an additional 1,090,841 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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. In the last three months, insiders have sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Copart Stock Performance

CPRT stock opened at $53.85 on Friday. The stock’s 50 day simple moving average is $56.47 and its 200 day simple moving average is $55.99. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The company has a market cap of $52.02 billion, a P/E ratio of 36.14 and a beta of 1.30.

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, topping analysts’ consensus estimates 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 the consensus estimate of $1.13 billion. Equities analysts predict 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.