Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 117,171 shares of the business services provider's stock after acquiring an additional 20,210 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Copart were worth $6,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPRT. 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 during the last quarter. National Pension Service lifted its position in 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 buying an additional 48,334 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Copart by 289.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock worth $1,970,000 after buying an additional 25,512 shares during the period. Tsai Capital Corp increased 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 acquiring an additional 7,230 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Copart in the fourth quarter valued at $3,962,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Copart Price Performance

CPRT traded up $0.70 during trading on Tuesday, reaching $60.51. 3,139,715 shares of the company's stock were exchanged, compared to its average volume of 4,421,769. The company's fifty day simple moving average is $56.34 and its 200-day simple moving average is $57.18. The stock has a market capitalization of $58.46 billion, a P/E ratio of 40.61 and a beta of 1.22. 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 earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred 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. Insiders have sold 200,000 shares of company stock worth $11,401,000 over the last quarter. 9.68% of the stock is currently owned by insiders.

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.