Copart, Inc. (NASDAQ:CPRT) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,370 shares of the business services provider’s stock after selling 250 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Copart were worth $710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sandy Spring Bank lifted its holdings in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. Curio Wealth LLC purchased a new stake in Copart in the fourth quarter valued at $52,000. Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the 4th quarter valued at $54,000. Eastern Bank grew its holdings in shares of Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock worth $69,000 after purchasing an additional 640 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Copart during the 4th quarter worth about $73,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Copart

In other news, Director Steven D. Cohan sold 5,003 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $60.01, for a total transaction of $300,230.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on 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. Over the last three months, insiders sold 200,000 shares of company stock worth $11,401,000. Company insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Trading Up 0.4 %

CPRT stock opened at $59.68 on Friday. The business’s fifty day moving average price is $56.22 and its 200 day moving average price is $56.87. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a market capitalization of $57.66 billion, a PE ratio of 40.05 and a beta of 1.22.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion during 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%. Research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.