Thrivent Financial for Lutherans Has $8.12 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Thrivent Financial for Lutherans decreased its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 26.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,497 shares of the business services provider's stock after selling 52,174 shares during the period. Thrivent Financial for Lutherans' holdings in Copart were worth $8,116,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mn Services Vermogensbeheer B.V. increased its stake in 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 buying an additional 8,300 shares during the period. National Pension Service increased its stake in shares of 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 acquiring an additional 48,334 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Copart in the fourth quarter worth $3,962,000. Sanctuary Advisors LLC boosted its position in Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock valued at $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY grew its stake in Copart by 47.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock valued at $22,565,000 after purchasing an additional 126,436 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction on Monday, January 6th. The stock was 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 ninety days, insiders sold 385,480 shares of company stock worth $21,667,683. 9.68% of the stock is currently owned by insiders.

Copart Stock Performance

Shares of Copart stock traded down $0.52 during midday trading on Wednesday, reaching $55.07. 3,766,834 shares of the company's stock traded hands, compared to its average volume of 4,013,561. The company has a market cap of $53.20 billion, a price-to-earnings ratio of 36.96 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company's 50 day simple moving average is $56.40 and its 200 day simple moving average is $56.11.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

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

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.