Level Four Advisory Services LLC Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

Level Four Advisory Services LLC boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,256 shares of the business services provider’s stock after buying an additional 292 shares during the period. Level Four Advisory Services LLC’s holdings in Copart were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPRT. Sandy Spring Bank grew its holdings in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Lindbrook Capital LLC boosted its position in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after buying an additional 184 shares during the period. Everpar Advisors LLC grew its holdings in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after acquiring an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after acquiring an additional 200 shares during the period. Finally, Simmons Bank raised its stake in shares of Copart by 4.4% during the fourth quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock valued at $271,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.9 %

NASDAQ:CPRT opened at $55.15 on Friday. The firm’s fifty day simple moving average is $56.33 and its 200 day simple moving average is $56.19. The stock has a market cap of $53.28 billion, a P/E ratio of 37.01 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 announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.13 billion. On average, analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was 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. In the last quarter, insiders have sold 385,480 shares of company stock worth $21,667,683. Company insiders own 9.68% of the company’s stock.

Copart 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.