Nitorum Capital L.P. Has $19.42 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Nitorum Capital L.P. reduced its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 338,426 shares of the business services provider's stock after selling 109,443 shares during the period. Copart accounts for about 2.2% of Nitorum Capital L.P.'s portfolio, making the stock its 23rd largest holding. Nitorum Capital L.P.'s holdings in Copart were worth $19,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Johnson Financial Group Inc. lifted its stake in Copart by 17.1% in the 4th quarter. Johnson Financial Group Inc. now owns 8,385 shares of the business services provider's stock valued at $486,000 after purchasing an additional 1,224 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Copart in the fourth quarter valued at approximately $1,652,000. Snyder Capital Management L P raised its stake in Copart by 4.1% in the fourth quarter. Snyder Capital Management L P now owns 1,392,234 shares of the business services provider's stock valued at $79,900,000 after buying an additional 55,216 shares during the period. Two Sigma Securities LLC boosted its stake in shares of Copart by 134.3% during the 4th quarter. Two Sigma Securities LLC now owns 4,114 shares of the business services provider's stock worth $236,000 after acquiring an additional 16,114 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Copart by 20.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 117,171 shares of the business services provider's stock worth $6,724,000 after acquiring an additional 20,210 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 over the last three months. 9.68% of the stock is owned by company insiders.

Copart Price Performance

CPRT stock opened at $60.90 on Friday. The stock has a market cap of $58.84 billion, a price-to-earnings ratio of 40.87 and a beta of 1.22. The company has a 50 day simple moving average of $56.34 and a 200 day simple moving average of $57.13. 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 released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.

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