Copart, Inc. (NASDAQ:CPRT) Position Trimmed by Nicholas Company Inc.

Nicholas Company Inc. lowered its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 934,622 shares of the business services provider's stock after selling 141,298 shares during the period. Nicholas Company Inc. owned about 0.10% of Copart worth $53,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after acquiring an additional 941,858 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Copart during the 3rd quarter valued at approximately $212,000. Metis Global Partners LLC boosted its position in Copart by 4.7% during the third quarter. Metis Global Partners LLC now owns 39,140 shares of the business services provider's stock worth $2,051,000 after purchasing an additional 1,757 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Copart by 1.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,298 shares of the business services provider's stock valued at $1,011,000 after acquiring an additional 337 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Copart by 5.7% during the third quarter. CIBC Asset Management Inc now owns 288,490 shares of the business services provider's stock worth $15,117,000 after acquiring an additional 15,577 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

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Copart Stock Down 0.1 %

Shares of CPRT traded down $0.03 during mid-day trading on Thursday, hitting $53.85. The company had a trading volume of 3,098,348 shares, compared to its average volume of 4,017,373. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business's 50-day simple moving average is $56.53 and its 200-day simple moving average is $56.00. The stock has a market cap of $52.02 billion, a PE ratio of 36.14 and a beta of 1.30.

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 analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. On average, sell-side analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In related news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 315,480 shares of company stock valued at $18,007,983. Company insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

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

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.