James E. Meeks Sells 100,000 Shares of Copart, Inc. (NASDAQ:CPRT) Stock

Copart, Inc. (NASDAQ:CPRT) Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Copart Trading Down 0.4 %

Shares of NASDAQ:CPRT opened at $53.63 on Friday. The company has a 50 day moving average of $56.43 and a 200-day moving average of $56.01. The firm has a market cap of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last released 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 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 the consensus estimate of $1.13 billion. Equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. 111 Capital acquired a new stake in Copart in the 4th quarter valued at about $967,000. Wealth Enhancement Advisory Services LLC lifted its stake in Copart by 22.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 87,613 shares of the business services provider’s stock valued at $5,028,000 after purchasing an additional 16,072 shares during the last quarter. Dogwood Wealth Management LLC boosted its holdings in Copart by 3.4% during the fourth quarter. Dogwood Wealth Management LLC now owns 12,957 shares of the business services provider’s stock worth $744,000 after buying an additional 430 shares in the last quarter. Siemens Fonds Invest GmbH grew its position in Copart by 178.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 138,217 shares of the business services provider’s stock worth $7,932,000 after buying an additional 88,624 shares during the last quarter. Finally, Cim LLC increased its holdings in shares of Copart by 1.1% in the fourth quarter. Cim LLC now owns 330,316 shares of the business services provider’s stock valued at $18,957,000 after buying an additional 3,608 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

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.