Sei Investments Co. Grows Position in Copart, Inc. (NASDAQ:CPRT)

Sei Investments Co. boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 393,170 shares of the business services provider’s stock after acquiring an additional 30,064 shares during the quarter. Sei Investments Co.’s holdings in Copart were worth $22,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CPRT. Sandy Spring Bank raised its position in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Quarry LP purchased a new stake in shares of Copart in the third quarter valued at about $29,000. True Wealth Design LLC raised its holdings in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Curio Wealth LLC purchased a new position in shares of Copart during the fourth quarter worth about $52,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Copart in the 4th quarter valued at about $54,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Copart

In other news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 James E. Meeks sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was 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. In the last three months, insiders sold 385,480 shares of company stock valued at $21,667,683. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $55.07 on Thursday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a market cap of $53.20 billion, a P/E ratio of 36.96 and a beta of 1.30. The firm has a fifty day moving average of $56.38 and a two-hundred day moving average of $56.10.

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

Analyst Ratings Changes

Separately, Argus cut Copart from a “buy” rating to a “hold” rating in a research 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.