Whittier Trust Co. of Nevada Inc. Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. of Nevada Inc. raised its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,184 shares of the business services provider's stock after acquiring an additional 12,206 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Copart were worth $14,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Sandy Spring Bank increased its holdings in shares of Copart by 59.5% in 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 last quarter. Quarry LP purchased a new position in Copart in the third quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock worth $34,000 after purchasing an additional 608 shares in the last quarter. Curio Wealth LLC acquired a new stake in Copart during the fourth quarter worth approximately $52,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Copart during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Insiders Place Their Bets

In related news, Director Matt Blunt sold 50,000 shares of the stock in a transaction 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 this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were 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. In the last three months, insiders have sold 385,480 shares of company stock valued at $21,667,683. Insiders own 9.68% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Copart Trading Up 1.0 %

Shares of NASDAQ CPRT traded up $0.53 during trading hours on Tuesday, reaching $55.59. The stock had a trading volume of 3,636,847 shares, compared to its average volume of 4,015,652. The firm has a 50-day moving average of $56.42 and a 200-day moving average of $56.07. The firm has a market cap of $53.71 billion, a price-to-earnings ratio of 37.31 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week 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 for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, equities analysts predict 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.