Ensign Peak Advisors Inc Reduces Stock Position in Copart, Inc. (NASDAQ:CPRT)

Ensign Peak Advisors Inc lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 72.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,839 shares of the business services provider’s stock after selling 361,598 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Copart were worth $8,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Copart by 0.4% during the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider’s stock worth $316,639,000 after acquiring an additional 21,710 shares during the last quarter. Czech National Bank boosted its stake in shares of Copart by 6.6% during the 4th quarter. Czech National Bank now owns 190,080 shares of the business services provider’s stock worth $10,909,000 after acquiring an additional 11,693 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in shares of Copart during the 4th quarter worth $267,000. Brookstone Capital Management purchased a new position in shares of Copart during the 4th quarter worth $234,000. Finally, Capital Investment Advisors LLC boosted its stake in shares of Copart by 9.2% during the 4th quarter. Capital Investment Advisors LLC now owns 33,728 shares of the business services provider’s stock worth $1,936,000 after acquiring an additional 2,852 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Insider Activity at Copart

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the business’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by corporate insiders.

Copart Stock Performance

CPRT opened at $62.39 on Wednesday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm’s fifty day moving average is $57.59 and its 200 day moving average is $57.78. The stock has a market cap of $60.27 billion, a price-to-earnings ratio of 41.87 and a beta of 1.20.

Copart (NASDAQ:CPRT) last released 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 net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

About Copart

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.