Copart, Inc. (NASDAQ:CPRT) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 221.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,890 shares of the business services provider's stock after purchasing an additional 10,954 shares during the quarter. Dark Forest Capital Management LP's holdings in Copart were worth $912,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its holdings in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Curio Wealth LLC acquired a new position in shares of Copart in the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart during the 4th quarter valued at $54,000. Eastern Bank increased its holdings in shares of Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock worth $69,000 after buying an additional 640 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Copart in the 4th quarter worth $73,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other news, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 a total of 200,000 shares of company stock valued at $11,401,000 in the last ninety days. Insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

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

Copart Trading Down 1.8 %

NASDAQ:CPRT traded down $1.09 during mid-day trading on Monday, hitting $59.81. The company had a trading volume of 4,654,142 shares, compared to its average volume of 4,422,509. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The business has a fifty day simple moving average of $56.34 and a 200-day simple moving average of $57.15. The firm has a market capitalization of $57.78 billion, a price-to-earnings ratio of 40.14 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.