Copart, Inc. (NASDAQ:CPRT) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 57.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,952 shares of the business services provider's stock after selling 116,802 shares during the quarter. Federated Hermes Inc.'s holdings in Copart were worth $5,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service increased its position in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after acquiring an additional 48,334 shares in the last quarter. Tsai Capital Corp raised its stake in shares of Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after acquiring an additional 7,230 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Copart during the 4th quarter valued at $3,962,000. Finally, Sanctuary Advisors LLC boosted its position in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock worth $2,765,000 after purchasing an additional 9,222 shares during the period. Hedge funds and other institutional investors own 85.78% of the company's stock.

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Analyst Ratings Changes

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

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,000 shares of company stock valued at $11,401,000. Insiders own 9.68% of the company's stock.

Copart Price Performance

NASDAQ CPRT traded up $0.62 on Tuesday, reaching $60.45. The company had a trading volume of 4,783,587 shares, compared to its average volume of 4,404,169. The firm has a market capitalization of $58.40 billion, a PE ratio of 40.57 and a beta of 1.22. The firm has a 50-day moving average of $56.14 and a 200-day moving average of $56.72. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.13 billion. As a group, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.