Copart, Inc. (NASDAQ:CPRT) Shares Sold by Ashford Capital Management Inc.

Ashford Capital Management Inc. lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 473,393 shares of the business services provider’s stock after selling 6,188 shares during the period. Copart makes up about 3.2% of Ashford Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Ashford Capital Management Inc.’s holdings in Copart were worth $27,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CPRT. Sandy Spring Bank increased its position in shares of 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 acquiring an additional 176 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Copart during the 4th quarter valued at about $45,000. Curio Wealth LLC acquired a new position in shares of Copart in the fourth quarter valued at about $52,000. Itau Unibanco Holding S.A. raised its stake in shares of Copart by 340.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider’s stock worth $53,000 after purchasing an additional 708 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Copart during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $63.43 on Tuesday. The business’s 50-day moving average is $58.40 and its two-hundred day moving average is $58.13. The company has a market capitalization of $61.28 billion, a P/E ratio of 42.57 and a beta of 1.20. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm 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 forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other Copart news, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the company’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 90 days, insiders have sold 200,000 shares of company stock worth $11,401,000. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a report 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.