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

Blueshift Asset Management LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 66.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sandy Spring Bank raised its holdings 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 during the period. Cadence Bank raised its stake in shares of Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after purchasing an additional 178 shares during the period. Lindbrook Capital LLC lifted its holdings in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock worth $345,000 after purchasing an additional 184 shares in the last quarter. Everpar Advisors LLC boosted its stake in Copart by 4.3% in the 4th 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. Finally, Oregon Public Employees Retirement Fund grew its holdings in Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after buying an additional 200 shares in the last quarter. Institutional investors own 85.78% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. 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 corporate insiders.

Copart Stock Down 0.9 %

Shares of CPRT stock traded down $0.52 on Wednesday, reaching $55.07. The company's stock had a trading volume of 3,766,834 shares, compared to its average volume of 4,013,562. The company has a market capitalization of $53.20 billion, a P/E ratio of 36.96 and a beta of 1.30. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The stock's 50 day simple moving average is $56.40 and its 200-day simple moving average is $56.11.

Copart (NASDAQ:CPRT - Get Free Report) last released 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. 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 analysts' expectations of $1.13 billion. Research 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.