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

Snowden Capital Advisors LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,133 shares of the business services provider’s stock after selling 1,774 shares during the period. Snowden Capital Advisors LLC’s holdings in Copart were worth $1,672,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Sandy Spring Bank boosted its position in shares of 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 acquiring an additional 176 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Copart during the fourth quarter worth approximately $45,000. Curio Wealth LLC acquired a new position in Copart during the fourth quarter worth approximately $52,000. Itau Unibanco Holding S.A. increased its position in 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 during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Copart during the fourth quarter worth approximately $54,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction that occurred 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 quarter, insiders have sold 200,000 shares of company stock worth $11,401,000. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $63.84 on Friday. 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 price of $58.19 and a 200 day moving average price of $58.00. The firm has a market capitalization of $61.68 billion, a price-to-earnings ratio of 42.85 and a beta of 1.20.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Argus lowered 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.