Copart, Inc. (NASDAQ:CPRT) Shares Sold by Port Capital LLC

Port Capital LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,469,278 shares of the business services provider’s stock after selling 202,329 shares during the period. Copart comprises about 3.8% of Port Capital LLC’s investment portfolio, making the stock its 8th largest holding. Port Capital LLC’s holdings in Copart were worth $84,322,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sandy Spring Bank boosted 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 valued at $27,000 after acquiring an additional 176 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Copart during the fourth quarter worth $45,000. Curio Wealth LLC bought a new position in shares of Copart during the fourth quarter worth $52,000. Itau Unibanco Holding S.A. boosted its position in shares of Copart by 340.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider’s stock worth $53,000 after purchasing an additional 708 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Copart during the fourth quarter worth $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 0.0%

Shares of NASDAQ CPRT opened at $62.42 on Thursday. The company’s fifty day moving average is $57.77 and its 200-day moving average is $57.81. The stock has a market cap of $60.30 billion, a price-to-earnings ratio of 41.89 and a beta of 1.20. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

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

Insider Buying and Selling

In related news, Director Steven D. Cohan sold 5,003 shares of the firm’s stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was 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. Insiders have sold a total of 200,000 shares of company stock worth $11,401,000 over the last ninety days. Company insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Company 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.