Kennedy Capital Management LLC Has $10.54 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Kennedy Capital Management LLC lessened its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,571 shares of the business services provider's stock after selling 5,364 shares during the period. Kennedy Capital Management LLC's holdings in Copart were worth $10,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sandy Spring Bank increased its position in Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after buying an additional 176 shares during the last quarter. Quarry LP acquired a new position in shares of Copart during the 3rd quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in Copart in the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC acquired a new stake in Copart during the 4th quarter valued at $54,000. Finally, Continuum Advisory LLC boosted its position in Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock worth $55,000 after purchasing an additional 452 shares during the period. 85.78% of the stock is owned by institutional investors.

Insider Activity

In other Copart news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the company's 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

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Copart Stock Performance

Shares of CPRT stock traded up $0.62 on Tuesday, hitting $60.45. The company's stock had a trading volume of 4,783,585 shares, compared to its average volume of 4,404,163. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock's 50 day moving average is $56.14 and its 200-day moving average is $56.72. The company has a market capitalization of $58.40 billion, a PE ratio of 40.57 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

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.

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.