Intrepid Capital Management Inc. Lowers Holdings in Copart, Inc. (NASDAQ:CPRT)

Intrepid Capital Management Inc. cut its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,911 shares of the business services provider's stock after selling 6,388 shares during the period. Copart accounts for 1.5% of Intrepid Capital Management Inc.'s holdings, making the stock its 18th biggest holding. Intrepid Capital Management Inc.'s holdings in Copart were worth $2,979,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC lifted its stake in shares of Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock valued at $577,000 after purchasing an additional 175 shares during the last quarter. Sandy Spring Bank lifted its position in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Lindbrook Capital LLC boosted its position in Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after buying an additional 184 shares during the period. Everpar Advisors LLC raised its stake in shares of Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock valued at $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock worth $4,314,000 after buying an additional 200 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

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Copart Price Performance

NASDAQ:CPRT traded down $2.13 during midday trading on Friday, hitting $54.51. The company's stock had a trading volume of 8,771,270 shares, compared to its average volume of 4,308,382. The firm's 50 day moving average is $56.23 and its 200-day moving average is $56.42. The firm has a market cap of $52.66 billion, a P/E ratio of 36.58 and a beta of 1.22. 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 issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the company's 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by insiders.

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.