Orion Portfolio Solutions LLC Decreases Position in Copart, Inc. (NASDAQ:CPRT)

Orion Portfolio Solutions LLC reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,586 shares of the business services provider’s stock after selling 689 shares during the period. Orion Portfolio Solutions LLC’s holdings in Copart were worth $5,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. grew its position in shares of 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 valued at $19,494,000 after buying an additional 8,300 shares during the last quarter. National Pension Service lifted its holdings in shares of Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after purchasing an additional 48,334 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Copart in the 4th quarter valued at about $3,962,000. Sanctuary Advisors LLC grew its stake in 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 buying an additional 9,222 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its position in Copart by 47.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock worth $22,565,000 after buying an additional 126,436 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Price Performance

Shares of NASDAQ CPRT opened at $55.15 on Friday. The company has a market cap of $53.28 billion, a PE ratio of 37.01 and a beta of 1.30. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock has a fifty day moving average price of $56.33 and a 200 day moving average price of $56.19.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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 business 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.

Insider Transactions at Copart

In other news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. In the last three months, insiders sold 385,480 shares of company stock valued at $21,667,683. Corporate 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.