Copart, Inc. (NASDAQ:CPRT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,738,007 shares of the business services provider’s stock after selling 140,585 shares during the quarter. Nuveen Asset Management LLC owned 0.49% of Copart worth $271,914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CPRT. Sandy Spring Bank raised its holdings in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Copart in the 4th quarter worth about $45,000. Curio Wealth LLC acquired a new position in Copart in the 4th quarter worth about $52,000. Itau Unibanco Holding S.A. raised its holdings in 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 purchasing an additional 708 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in Copart in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.0%

NASDAQ CPRT opened at $62.42 on Thursday. The stock has a market capitalization 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. The stock has a 50-day moving average of $57.77 and a 200 day moving average of $57.81.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.13 billion. Equities analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Copart news, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven D. Cohan sold 94,997 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The disclosure for this sale can be found here. In the last three months, insiders sold 200,000 shares of company stock worth $11,401,000. Corporate insiders own 9.68% of the company’s stock.

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.