EP Wealth Advisors LLC Acquires 274 Shares of Copart, Inc. (NASDAQ:CPRT)

EP Wealth Advisors LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,724 shares of the business services provider’s stock after acquiring an additional 274 shares during the quarter. EP Wealth Advisors LLC’s holdings in Copart were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CPRT. Barclays PLC lifted its holdings in shares of Copart by 0.4% in the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider’s stock worth $316,639,000 after buying an additional 21,710 shares during the period. Graypoint LLC purchased a new stake in shares of Copart in the 4th quarter worth $242,000. Czech National Bank lifted its holdings in shares of Copart by 6.6% in the 4th quarter. Czech National Bank now owns 190,080 shares of the business services provider’s stock worth $10,909,000 after buying an additional 11,693 shares during the period. Threadgill Financial LLC lifted its stake in shares of Copart by 1.8% during the 4th quarter. Threadgill Financial LLC now owns 87,910 shares of the business services provider’s stock worth $5,045,000 after purchasing an additional 1,582 shares during the last quarter. Finally, Fiduciary Alliance LLC purchased a new stake in shares of Copart during the 4th quarter worth $267,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of the company’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 document filed with the SEC, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock valued at $11,401,000 in the last ninety days. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Price Performance

Shares of NASDAQ CPRT opened at $61.52 on Monday. The stock has a market capitalization of $59.43 billion, a P/E ratio of 41.29 and a beta of 1.20. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business has a fifty day moving average price of $57.26 and a 200 day moving average price of $57.67.

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