Nicolet Advisory Services LLC Has $1.05 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Nicolet Advisory Services LLC reduced its position in Copart, Inc. (NASDAQ:CPRT) by 2.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,924 shares of the business services provider’s stock after selling 379 shares during the period. Nicolet Advisory Services LLC’s holdings in Copart were worth $1,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its stake in shares of Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 175 shares during the last quarter. Sandy Spring Bank grew its holdings in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the period. Lindbrook Capital LLC grew its holdings in 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 acquiring an additional 184 shares during the period. Everpar Advisors LLC lifted its stake in shares of Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Copart by 0.3% in 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 last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $57.47 on Thursday. The company has a 50 day moving average price of $56.31 and a two-hundred day moving average price of $56.34. The company has a market capitalization of $55.52 billion, a PE ratio of 38.57 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Copart

In other news, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.