Whittier Trust Co. Increases Stake in Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. grew its position in Copart, Inc. (NASDAQ:CPRT) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 495,804 shares of the business services provider’s stock after buying an additional 18,988 shares during the period. Whittier Trust Co. owned approximately 0.05% of Copart worth $28,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sandy Spring Bank lifted its stake in Copart by 59.5% during 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. Quarry LP purchased a new stake in shares of Copart during the 3rd quarter valued at about $29,000. True Wealth Design LLC lifted its stake in shares of Copart by 1,737.1% in the 3rd 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 period. Curio Wealth LLC purchased a new position in shares of Copart in the fourth quarter worth approximately $52,000. Finally, Continuum Advisory LLC grew its position in Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares during the period. Institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Copart Stock Up 1.8 %

NASDAQ CPRT opened at $53.88 on Thursday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company has a market capitalization of $52.05 billion, a P/E ratio of 36.16 and a beta of 1.30. The stock’s 50-day moving average price is $56.53 and its 200-day moving average price is $56.00.

Copart (NASDAQ:CPRT) last released its 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 net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

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.