Copart, Inc. (NASDAQ:CPRT) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,332 shares of the business services provider’s stock after buying an additional 1,035 shares during the quarter. Parallel Advisors LLC’s holdings in Copart were worth $823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. increased its holdings in Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after buying an additional 8,300 shares during the period. National Pension Service grew its stake in shares of Copart by 3.2% during the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Copart during the 4th quarter worth approximately $3,962,000. Sanctuary Advisors LLC grew its stake in shares of Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares during the period. Finally, Cobblestone Capital Advisors LLC NY grew its stake in shares of Copart by 47.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock worth $22,565,000 after purchasing an additional 126,436 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

Shares of NASDAQ CPRT opened at $53.88 on Thursday. The stock has a market capitalization of $52.05 billion, a price-to-earnings ratio of 36.16 and a beta of 1.30. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm’s 50 day simple moving average is $56.53 and its 200-day simple moving average is $56.00.

Copart (NASDAQ:CPRT) last announced 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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other Copart news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were 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 have sold 315,480 shares of company stock worth $18,007,983 in the last quarter. Corporate 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.