AlphaQuest LLC Cuts Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

AlphaQuest LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 96.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 601 shares of the business services provider's stock after selling 15,579 shares during the period. AlphaQuest LLC's holdings in Copart were worth $34,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CPRT. OFI Invest Asset Management purchased a new stake in Copart during the fourth quarter valued at $2,825,000. Amundi lifted its holdings in shares of Copart by 18.2% in the 4th quarter. Amundi now owns 7,080,834 shares of the business services provider's stock valued at $402,332,000 after acquiring an additional 1,090,841 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Copart by 29.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 11,995 shares of the business services provider's stock worth $688,000 after acquiring an additional 2,694 shares in the last quarter. River Global Investors LLP bought a new stake in Copart during the fourth quarter worth approximately $17,762,000. Finally, Banco Santander S.A. raised its position in Copart by 14.0% during the fourth quarter. Banco Santander S.A. now owns 22,741 shares of the business services provider's stock valued at $1,305,000 after purchasing an additional 2,797 shares during the period. 85.78% of the stock is owned by institutional investors.

Insider Transactions at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction dated 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 filing with the SEC, which is available through this link. Also, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,480 shares of company stock worth $21,667,683. Insiders own 9.68% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Copart Trading Up 1.0 %

Shares of CPRT stock traded up $0.53 during trading hours on Tuesday, reaching $55.59. 3,636,847 shares of the stock were exchanged, compared to its average volume of 4,015,652. The firm has a market capitalization of $53.71 billion, a price-to-earnings ratio of 37.31 and a beta of 1.30. The company's 50-day moving average price is $56.42 and its 200-day moving average price is $56.07. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.