Copart, Inc. (NASDAQ:CPRT) Shares Sold by Bokf Na

Bokf Na lowered its position in Copart, Inc. (NASDAQ:CPRT) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,016 shares of the business services provider’s stock after selling 257 shares during the quarter. Bokf Na’s holdings in Copart were worth $1,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CPRT. Baird Financial Group Inc. lifted its holdings in Copart by 4.1% in the 4th quarter. Baird Financial Group Inc. now owns 1,845,275 shares of the business services provider’s stock valued at $105,900,000 after purchasing an additional 72,635 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Copart by 19.2% in the fourth quarter. Benjamin Edwards Inc. now owns 45,395 shares of the business services provider’s stock valued at $2,605,000 after purchasing an additional 7,326 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Copart by 22.9% during the fourth quarter. BNP Paribas Financial Markets now owns 2,817,193 shares of the business services provider’s stock worth $161,679,000 after buying an additional 524,693 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Copart in the 4th quarter worth about $9,995,000. Finally, Aptus Capital Advisors LLC grew its holdings in Copart by 12.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 240,114 shares of the business services provider’s stock valued at $13,780,000 after buying an additional 27,505 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 value of $5,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

Copart Trading Up 0.9 %

CPRT stock opened at $61.78 on Friday. The stock has a 50-day moving average price of $57.12 and a two-hundred day moving average price of $57.52. The company has a market cap of $59.69 billion, a PE ratio of 41.46 and a beta of 1.20. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

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

Analysts Set New Price Targets

Separately, Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a research 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.