Cerity Partners LLC Purchases 9,830 Shares of Copart, Inc. (NASDAQ:CPRT)

Cerity Partners LLC increased its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 297,667 shares of the business services provider's stock after acquiring an additional 9,830 shares during the period. Cerity Partners LLC's holdings in Copart were worth $16,802,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after acquiring an additional 8,300 shares in the last quarter. National Pension Service lifted its stake in Copart by 3.2% during 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 during the last quarter. Tsai Capital Corp grew its position in shares of Copart by 13.3% during the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after buying an additional 7,230 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Copart in the fourth quarter valued at approximately $3,962,000. Finally, Sanctuary Advisors LLC raised its position in shares of Copart by 21.2% during the 3rd 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 during the period. Hedge funds and other institutional investors own 85.78% of the company's stock.

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Insider Buying and Selling at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock valued at $11,401,000 in the last 90 days. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Up 0.7 %

Copart stock traded up $0.40 during mid-day trading on Tuesday, hitting $60.23. The company's stock had a trading volume of 1,276,840 shares, compared to its average volume of 4,631,506. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock's fifty day moving average price is $56.14 and its two-hundred day moving average price is $56.72. The stock has a market capitalization of $58.18 billion, a P/E ratio of 40.42 and a beta of 1.22.

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 analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Equities analysts expect 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.

Copart 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.