Treasurer of the State of North Carolina Raises Position in Copart, Inc. (NASDAQ:CPRT)

Treasurer of the State of North Carolina boosted its position in Copart, Inc. (NASDAQ:CPRT) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 383,643 shares of the business services provider’s stock after purchasing an additional 2,410 shares during the period. Treasurer of the State of North Carolina’s holdings in Copart were worth $22,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighPoint Advisor Group LLC increased its stake in shares of Copart by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock worth $577,000 after purchasing an additional 175 shares in the last quarter. Sandy Spring Bank grew its stake in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. Lindbrook Capital LLC raised its holdings 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 acquiring an additional 184 shares during the period. Everpar Advisors LLC lifted its position in shares of Copart by 4.3% during the fourth 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund grew 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 purchasing an additional 200 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of the business’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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $59.84 on Friday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The firm has a market capitalization of $57.81 billion, a price-to-earnings ratio of 40.16 and a beta of 1.22. The company’s fifty day moving average price is $56.12 and its 200-day moving average price is $56.64.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.