PAX Financial Group LLC Sells 595 Shares of Copart, Inc. (NASDAQ:CPRT)

PAX Financial Group LLC decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,184 shares of the business services provider’s stock after selling 595 shares during the quarter. PAX Financial Group LLC’s holdings in Copart were worth $814,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Sandy Spring Bank grew its stake in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Quarry LP purchased a new stake in shares of Copart in the 3rd quarter worth $29,000. Curio Wealth LLC bought a new position in shares of Copart during the 4th quarter worth $52,000. Retirement Wealth Solutions LLC purchased a new position in shares of Copart during the fourth quarter valued at $54,000. Finally, Continuum Advisory LLC raised its holdings in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction dated 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. 9.68% of the stock is owned by insiders.

Copart Trading Down 1.4 %

Shares of NASDAQ CPRT opened at $56.64 on Friday. The stock has a market capitalization of $54.72 billion, a PE ratio of 38.01 and a beta of 1.22. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The stock’s fifty day simple moving average is $56.29 and its two-hundred day simple moving average is $56.34.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business 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%. On average, equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.