National Bank of Canada FI Decreases Stake in Copart, Inc. (NASDAQ:CPRT)

National Bank of Canada FI trimmed its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 26.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 492,187 shares of the business services provider's stock after selling 173,447 shares during the period. National Bank of Canada FI owned approximately 0.05% of Copart worth $28,247,000 at the end of the most recent quarter.

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

Copart Price Performance

Shares of Copart stock traded down $0.67 during trading hours on Monday, hitting $53.84. The company had a trading volume of 3,749,206 shares, compared to its average volume of 4,306,772. The company's 50-day moving average is $56.23 and its two-hundred day moving average is $56.45. The company has a market cap of $52.02 billion, a P/E ratio of 35.89 and a beta of 1.22. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

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Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.68% of the company's stock.

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.