Copart, Inc. (NASDAQ:CPRT) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,717,173 shares of the business services provider's stock after selling 443,683 shares during the quarter. Wells Fargo & Company MN owned 0.28% of Copart worth $155,939,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sandy Spring Bank raised 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 acquiring an additional 176 shares during the period. Quarry LP acquired a new position in shares of Copart during the 3rd quarter worth about $29,000. Curio Wealth LLC purchased a new position in Copart in the 4th quarter valued at about $52,000. Continuum Advisory LLC boosted its holdings in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock worth $55,000 after buying an additional 452 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in Copart in the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Stock Performance

Shares of NASDAQ CPRT traded up $0.54 during mid-day trading on Friday, reaching $59.20. The company's stock had a trading volume of 2,162,870 shares, compared to its average volume of 4,377,498. The stock has a market capitalization of $57.19 billion, a P/E ratio of 39.76 and a beta of 1.22. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock has a 50-day moving average of $56.08 and a two-hundred day moving average of $56.58.

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Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.