Haverford Trust Co Trims Stake in Copart, Inc. (NASDAQ:CPRT)

Haverford Trust Co cut its stake in Copart, Inc. (NASDAQ:CPRT) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,423 shares of the business services provider’s stock after selling 1,271 shares during the period. Haverford Trust Co’s holdings in Copart were worth $656,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sandy Spring Bank lifted its stake 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 purchasing an additional 176 shares during the period. Quarry LP bought a new position in Copart in the third quarter worth $29,000. True Wealth Design LLC lifted its position in Copart by 1,737.1% during 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 period. Curio Wealth LLC bought a new stake in shares of Copart during the 4th quarter valued at $52,000. Finally, Continuum Advisory LLC grew its position in shares of 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 period. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 2.7 %

CPRT stock opened at $55.06 on Tuesday. The business has a 50 day moving average of $56.42 and a 200 day moving average of $56.07. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm has a market cap of $53.19 billion, a PE ratio of 36.95 and a beta of 1.30.

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 return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,480 shares of company stock valued at $21,667,683. Insiders own 9.68% of the company’s stock.

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.