Copart, Inc. (NASDAQ:CPRT) Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,471 shares of the business services provider’s stock after selling 1,446 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Copart were worth $2,036,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Sandy Spring Bank raised its stake in Copart by 59.5% during the fourth 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. Quarry LP acquired a new stake in shares of Copart during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC lifted its stake 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 worth $34,000 after purchasing an additional 608 shares during the last quarter. Curio Wealth LLC acquired a new position in Copart in the fourth quarter worth $52,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Copart during the fourth quarter valued at $54,000. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 1.0 %

Shares of NASDAQ CPRT opened at $55.59 on Wednesday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a market cap of $53.71 billion, a price-to-earnings ratio of 37.31 and a beta of 1.30. The stock’s 50 day simple moving average is $56.40 and its 200 day simple moving average is $56.11.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Copart

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders sold 385,480 shares of company stock valued at $21,667,683 in the last ninety days. Company insiders own 9.68% of the company’s stock.

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.