Whittier Trust Co. of Nevada Inc. Acquires 12,206 Shares of Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 245,184 shares of the business services provider’s stock after acquiring an additional 12,206 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Copart were worth $14,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank raised its position in Copart by 59.5% during 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 in the last quarter. Quarry LP bought a new position in shares of Copart in the third quarter valued at approximately $29,000. True Wealth Design LLC raised its position in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the period. Curio Wealth LLC bought a new position in shares of Copart in the fourth quarter valued at approximately $52,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Copart in the fourth quarter valued at approximately $54,000. Institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now owns 20,000 shares in the company, valued at $1,160,200. This represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,480 shares of company stock worth $18,007,983. Insiders own 9.68% of the company’s stock.

Copart Stock Down 0.1 %

NASDAQ:CPRT opened at $53.85 on Friday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm has a market cap of $52.02 billion, a price-to-earnings ratio of 36.14 and a beta of 1.30. The company’s 50 day moving average is $56.47 and its 200-day moving average is $55.99.

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

Analyst Upgrades and Downgrades

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.