Congress Wealth Management LLC DE Has $20 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Congress Wealth Management LLC DE lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 348,428 shares of the business services provider’s stock after selling 18,371 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Copart were worth $19,996,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. raised its position in Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service raised its position in Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Copart in the fourth quarter worth about $3,962,000. Sanctuary Advisors LLC raised its position in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its position in Copart by 47.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock worth $22,565,000 after purchasing an additional 126,436 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold 385,480 shares of company stock valued at $21,667,683 over the last three months. 9.68% of the stock is owned by insiders.

Copart Trading Down 0.4 %

Shares of Copart stock opened at $53.63 on Monday. The stock has a market capitalization of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm’s 50-day moving average price is $56.43 and its two-hundred day moving average price is $56.03.

Copart (NASDAQ:CPRT) last released 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 business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Copart Company 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.