Blueshift Asset Management LLC Sells 8,909 Shares of Copart, Inc. (NASDAQ:CPRT)

Blueshift Asset Management LLC trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,398 shares of the business services provider’s stock after selling 8,909 shares during the period. Blueshift Asset Management LLC’s holdings in Copart were worth $252,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Sandy Spring Bank boosted its position in Copart by 59.5% during 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 in the last quarter. Quarry LP bought a new stake in shares of Copart during the third quarter valued at approximately $29,000. True Wealth Design LLC grew its stake in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the period. Curio Wealth LLC bought a new position in Copart in the fourth quarter worth $52,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Copart during the fourth quarter valued at $54,000. Institutional investors own 85.78% of the company’s stock.

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of the business’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 value of $5,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,480 shares of company stock valued at $23,407,983. Insiders own 9.68% of the company’s stock.

Copart Stock Down 0.4 %

Copart stock opened at $53.63 on Friday. The stock’s 50 day moving average is $56.43 and its 200 day moving average is $55.99. The company has a market capitalization of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30. 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 results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.