25,357 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Allstate Corp

Allstate Corp bought a new stake in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,357 shares of the business services provider’s stock, valued at approximately $1,455,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Sandy Spring Bank boosted 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 buying an additional 176 shares during the period. Lindbrook Capital LLC grew its position in Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 184 shares in the last quarter. Everpar Advisors LLC increased its stake in Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after purchasing an additional 200 shares in the last quarter. Finally, Simmons Bank boosted its stake in shares of Copart by 4.4% in the fourth quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,480 shares of company stock worth $21,667,683. 9.68% of the stock is currently owned by corporate insiders.

Copart Price Performance

Shares of NASDAQ CPRT opened at $55.15 on Monday. The company has a market cap of $53.28 billion, a price-to-earnings ratio of 37.01 and a beta of 1.30. The stock’s 50-day moving average is $56.33 and its two-hundred day moving average is $56.23. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business 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%. Equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note 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.