Mariner LLC Has $9.34 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Mariner LLC lowered its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,800 shares of the business services provider's stock after selling 5,773 shares during the period. Mariner LLC's holdings in Copart were worth $9,343,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CPRT. Mn Services Vermogensbeheer B.V. increased its position in shares of Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock worth $19,494,000 after acquiring an additional 8,300 shares in the last quarter. National Pension Service grew its position in Copart by 3.2% during 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 grew 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 in the last quarter. Kieckhefer Group LLC bought a new stake in Copart in the fourth quarter worth approximately $3,962,000. Finally, Cobblestone Capital Advisors LLC NY grew its position in Copart by 47.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock worth $22,565,000 after acquiring an additional 126,436 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Wall Street Analysts Forecast Growth

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

Copart Stock Performance

Shares of Copart stock traded up $0.72 on Thursday, reaching $61.77. The stock had a trading volume of 999,305 shares, compared to its average volume of 4,402,351. The business's 50-day moving average price is $56.26 and its two-hundred day moving average price is $57.02. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a market cap of $59.68 billion, a P/E ratio of 41.46 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results 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. The firm had revenue of $1.16 billion during 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, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 in the last quarter. 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.