Commerce Bank Sells 24,344 Shares of Copart, Inc. (NASDAQ:CPRT)

Commerce Bank trimmed its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,028 shares of the business services provider's stock after selling 24,344 shares during the quarter. Commerce Bank's holdings in Copart were worth $11,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Copart by 2.5% in 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 raised its stake in Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock valued at $89,417,000 after purchasing an additional 48,334 shares in the last quarter. Tsai Capital Corp lifted its position in Copart by 13.3% during the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after purchasing an additional 7,230 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Copart in the 4th quarter worth approximately $3,962,000. Finally, Cobblestone Capital Advisors LLC NY raised its position in shares of Copart by 47.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock valued at $22,565,000 after buying an additional 126,436 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Copart Stock Up 1.0 %

Shares of NASDAQ CPRT traded up $0.63 during trading hours on Thursday, reaching $61.68. 1,289,845 shares of the stock traded hands, compared to its average volume of 4,403,459. The company has a market capitalization of $59.59 billion, a P/E ratio of 41.37 and a beta of 1.22. The company's 50-day simple moving average is $56.26 and its two-hundred day simple moving average is $57.02. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction that occurred 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 sold a total of 200,000 shares of company stock worth $11,401,000 over the last three months. Company insiders own 9.68% of the company's stock.

Copart Company 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.