Copart, Inc. (NASDAQ:CPRT) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,338,008 shares of the business services provider's stock after selling 654,952 shares during the quarter. American Century Companies Inc. owned about 0.24% of Copart worth $134,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CPRT. Plancorp LLC purchased a new position in Copart in the 4th quarter valued at approximately $205,000. Mizuho Securities USA LLC increased its stake in shares of Copart by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 83,089 shares of the business services provider's stock worth $4,768,000 after purchasing an additional 26,305 shares in the last quarter. Independent Solutions Wealth Management LLC raised its position in shares of Copart by 1.9% during the 4th quarter. Independent Solutions Wealth Management LLC now owns 67,900 shares of the business services provider's stock worth $3,897,000 after purchasing an additional 1,286 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Copart by 5.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 245,184 shares of the business services provider's stock valued at $14,069,000 after buying an additional 12,206 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in Copart by 4.0% during the 4th quarter. Whittier Trust Co. now owns 495,804 shares of the business services provider's stock valued at $28,449,000 after buying an additional 18,988 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other 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 transaction of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the business's stock in a transaction on Monday, January 6th. The stock was 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 ninety days, insiders have sold 385,480 shares of company stock valued at $21,667,683. Corporate insiders own 9.68% of the company's stock.

Copart Stock Up 1.0 %

Shares of Copart stock traded up $0.57 during trading hours on Thursday, hitting $55.64. The company's stock had a trading volume of 4,858,945 shares, compared to its average volume of 4,014,583. The business has a fifty day moving average of $56.38 and a 200 day moving average of $56.10. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company has a market capitalization of $53.75 billion, a PE ratio of 37.34 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS 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 company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.