Corient Private Wealth LLC Raises Stock Position in Copart, Inc. (NASDAQ:CPRT)

Corient Private Wealth LLC increased its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,993 shares of the business services provider's stock after purchasing an additional 11,840 shares during the period. Corient Private Wealth LLC's holdings in Copart were worth $14,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in 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 worth $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. State Street Corp boosted its stake in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock worth $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Edgewood Management LLC boosted its stake in Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock worth $1,077,119,000 after purchasing an additional 125,220 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Copart by 23.3% in the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock valued at $979,547,000 after acquiring an additional 291,580 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Copart Trading Down 0.4 %

NASDAQ CPRT traded down $0.22 on Friday, hitting $53.63. 5,952,411 shares of the company's stock traded hands, compared to its average volume of 4,015,122. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm's 50-day moving average price is $56.43 and its two-hundred day moving average price is $56.01. The firm has a market capitalization of $51.81 billion, a PE ratio of 35.99 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) last announced 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 net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. On average, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the business'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 disclosure for this sale can be found here. Insiders sold a total of 415,480 shares of company stock worth $23,407,983 in the last three months. Company insiders own 9.68% of the company's stock.

Analyst Ratings Changes

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

Copart 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.