Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Argent Trust Co

Argent Trust Co lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,059 shares of the business services provider’s stock after purchasing an additional 1,226 shares during the quarter. Argent Trust Co’s holdings in Copart were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sandy Spring Bank raised 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 purchasing an additional 176 shares during the period. Quarry LP bought a new stake in shares of Copart during the 3rd quarter worth about $29,000. Curio Wealth LLC bought a new position in shares of Copart in the fourth quarter valued at approximately $52,000. Continuum Advisory LLC lifted its position in Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in Copart during the 4th quarter valued at approximately $54,000. 85.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Copart

In other news, Director James E. Meeks sold 100,000 shares of Copart 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Stock Performance

Shares of CPRT stock opened at $59.84 on Friday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm’s 50 day moving average price is $56.12 and its two-hundred day moving average price is $56.64. The stock has a market cap of $57.81 billion, a PE ratio of 40.16 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced its quarterly 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. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

About Copart

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.