Copart, Inc. (NASDAQ:CPRT) Stake Lessened by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 3.1% during the fourth quarter, HoldingsChannel reports. The fund owned 20,186 shares of the business services provider’s stock after selling 638 shares during the quarter. TD Private Client Wealth LLC’s holdings in Copart were worth $1,158,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sandy Spring Bank lifted its position in shares of Copart by 59.5% during the fourth 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 last quarter. Quarry LP bought a new position in Copart during the 3rd quarter worth approximately $29,000. True Wealth Design LLC grew its position in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after acquiring an additional 608 shares in the last quarter. Curio Wealth LLC acquired a new position in shares of Copart in the 4th quarter valued at about $52,000. Finally, Retirement Wealth Solutions LLC bought a new position in Copart during the 4th quarter worth $54,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,480 shares of company stock valued at $21,667,683. Company insiders own 9.68% of the company’s stock.

Copart Trading Down 0.4 %

NASDAQ:CPRT opened at $53.63 on Monday. The firm has a market cap of $51.81 billion, a price-to-earnings 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. The company has a 50-day moving average of $56.43 and a 200-day moving average of $56.03.

Copart (NASDAQ:CPRT) last posted 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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Argus lowered 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.