Copart, Inc. (NASDAQ:CPRT) Shares Sold by Bokf Na

Bokf Na trimmed its position in Copart, Inc. (NASDAQ:CPRT) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 34,016 shares of the business services provider’s stock after selling 257 shares during the quarter. Bokf Na’s holdings in Copart were worth $1,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Sandy Spring Bank increased its holdings in shares of Copart by 59.5% in the 4th 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. acquired a new stake in shares of Copart during the fourth quarter worth $45,000. Curio Wealth LLC acquired a new stake in shares of Copart during the fourth quarter worth $52,000. Itau Unibanco Holding S.A. lifted its position in shares of Copart by 340.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider’s stock worth $53,000 after buying an additional 708 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the 4th quarter valued at about $54,000. 85.78% of the stock is owned by institutional investors.

Insider Transactions at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated 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 sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Copart Price Performance

Shares of NASDAQ CPRT opened at $61.78 on Friday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business’s fifty day moving average price is $57.12 and its two-hundred day moving average price is $57.52. The firm has a market capitalization of $59.69 billion, a PE ratio of 41.46 and a beta of 1.20.

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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.