Copart, Inc. (NASDAQ:CPRT) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lessened its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 348,428 shares of the business services provider's stock after selling 18,371 shares during the quarter. Congress Wealth Management LLC DE's holdings in Copart were worth $19,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPRT. Principal Financial Group Inc. boosted its holdings in shares of Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock valued at $2,037,130,000 after buying an additional 941,858 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Copart by 25.1% in the third quarter. Advisors Asset Management Inc. now owns 15,856 shares of the business services provider's stock valued at $831,000 after acquiring an additional 3,177 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in Copart in the third quarter valued at $465,000. Cerity Partners LLC grew its holdings in shares of Copart by 22.9% during the third quarter. Cerity Partners LLC now owns 287,837 shares of the business services provider's stock worth $15,083,000 after purchasing an additional 53,625 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its position in shares of Copart by 2.5% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 218,959 shares of the business services provider's stock worth $11,473,000 after purchasing an additional 5,248 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

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Copart Stock Down 1.0 %

NASDAQ:CPRT traded down $0.57 during trading hours on Friday, reaching $55.07. 1,221,755 shares of the company's stock were exchanged, compared to its average volume of 4,005,442. The firm has a market capitalization of $53.20 billion, a price-to-earnings ratio of 36.92 and a beta of 1.30. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company has a 50-day moving average of $56.36 and a 200 day moving average of $56.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion for 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%. Research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Matt Blunt sold 50,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,480 shares of company stock valued at $21,667,683. Company insiders own 9.68% of the company's stock.

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.