9,785 Shares in Copart, Inc. (NASDAQ:CPRT) Bought by GWN Securities Inc.

GWN Securities Inc. bought a new position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,785 shares of the business services provider's stock, valued at approximately $565,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Madison Investment Advisors LLC purchased a new stake in shares of Copart in the 4th quarter valued at approximately $253,686,000. Bank of New York Mellon Corp increased its holdings 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 valued at $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. raised its position in Copart by 335.8% in the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock valued at $149,471,000 after purchasing an additional 2,084,626 shares during the period. Raymond James Financial Inc. purchased a new stake in Copart during the 4th quarter worth approximately $69,162,000. Finally, Amundi lifted its holdings in Copart by 18.2% during the 4th quarter. Amundi now owns 7,080,834 shares of the business services provider's stock worth $402,332,000 after buying an additional 1,090,841 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Performance

CPRT stock traded down $0.03 during mid-day trading on Thursday, reaching $53.85. The company had a trading volume of 3,098,163 shares, compared to its average volume of 4,017,373. The firm has a fifty day simple moving average of $56.53 and a 200 day simple moving average of $56.00. The company has a market capitalization of $52.02 billion, a price-to-earnings ratio of 36.14 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

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

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Diane M. Morefield sold 30,000 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares of the company's stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 315,480 shares of company stock valued at $18,007,983. Insiders own 9.68% of the company's stock.

Analyst Ratings Changes

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

About Copart

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.