Rehmann Capital Advisory Group Sells 308 Shares of Copart, Inc. (NASDAQ:CPRT)

Rehmann Capital Advisory Group decreased its stake in Copart, Inc. (NASDAQ:CPRT) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,572 shares of the business services provider’s stock after selling 308 shares during the period. Rehmann Capital Advisory Group’s holdings in Copart were worth $435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRT. Voleon Capital Management LP bought a new position in shares of Copart during the 4th quarter worth about $1,314,000. California State Teachers Retirement System increased its stake in Copart by 0.3% during the fourth quarter. California State Teachers Retirement System now owns 1,443,947 shares of the business services provider’s stock valued at $82,868,000 after acquiring an additional 3,642 shares during the period. Lido Advisors LLC raised its holdings in Copart by 46.9% in the 4th quarter. Lido Advisors LLC now owns 17,307 shares of the business services provider’s stock valued at $993,000 after acquiring an additional 5,528 shares in the last quarter. Northern Trust Corp lifted its position in shares of Copart by 12.3% in the 4th quarter. Northern Trust Corp now owns 8,865,301 shares of the business services provider’s stock worth $508,780,000 after acquiring an additional 971,940 shares during the period. Finally, Bellwether Advisors LLC acquired a new stake in shares of Copart during the 4th quarter worth approximately $2,002,000. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $60.50 on Friday. The company has a market capitalization of $58.45 billion, a P/E ratio of 40.60 and a beta of 1.22. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The business’s 50 day simple moving average is $56.55 and its 200-day simple moving average is $57.27.

Copart (NASDAQ:CPRT) last released its quarterly 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 business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,000 shares of company stock worth $11,401,000. Corporate insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.