Cerity Partners LLC Purchases 9,830 Shares of Copart, Inc. (NASDAQ:CPRT)

Cerity Partners LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 297,667 shares of the business services provider’s stock after acquiring an additional 9,830 shares during the period. Cerity Partners LLC’s holdings in Copart were worth $16,802,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. HighPoint Advisor Group LLC boosted its position in Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock worth $577,000 after purchasing an additional 175 shares in the last quarter. Sandy Spring Bank grew its holdings 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 buying an additional 176 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after purchasing an additional 184 shares during the period. Everpar Advisors LLC grew its holdings in shares of Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

CPRT stock opened at $58.52 on Thursday. The firm has a market capitalization of $56.54 billion, a P/E ratio of 39.28 and a beta of 1.22. The business’s 50-day moving average is $56.06 and its two-hundred day moving average is $56.54. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

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, beating analysts’ consensus estimates 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 analyst estimates of $1.13 billion. On average, analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In other news, Director James E. Meeks sold 100,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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