Copart, Inc. (NASDAQ:CPRT) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 89.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,225 shares of the business services provider’s stock after selling 298,042 shares during the quarter. Trexquant Investment LP’s holdings in Copart were worth $1,964,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CPRT. Sandy Spring Bank lifted its holdings in shares of Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the last quarter. Quarry LP purchased a new stake in Copart in the third quarter valued at approximately $29,000. Curio Wealth LLC acquired a new position in Copart during the fourth quarter worth $52,000. Retirement Wealth Solutions LLC purchased a new position in shares of Copart during the fourth quarter worth $54,000. Finally, Continuum Advisory LLC grew its stake in shares of Copart by 88.6% in 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 in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Stock Up 0.7 %

Copart stock opened at $54.59 on Wednesday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm has a market cap of $52.74 billion, a PE ratio of 36.64 and a beta of 1.22. The company’s 50 day moving average is $56.05 and its two-hundred day moving average is $56.48.

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, 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 during the quarter, compared to analyst estimates of $1.13 billion. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.