Triavera Capital LLC Takes Position in Copart, Inc. (NASDAQ:CPRT)

Triavera Capital LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 153,279 shares of the business services provider’s stock, valued at approximately $8,797,000. Copart makes up 4.8% of Triavera Capital LLC’s investment portfolio, making the stock its 11th biggest holding.

Other large investors have also modified their holdings of the company. Sandy Spring Bank raised its holdings in shares of 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 purchasing an additional 176 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Copart in the 4th quarter valued at about $45,000. Curio Wealth LLC bought a new position in shares of Copart during the 4th quarter worth approximately $52,000. Itau Unibanco Holding S.A. raised its stake in shares of Copart by 340.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider’s stock worth $53,000 after acquiring an additional 708 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Copart during the 4th quarter worth approximately $54,000. Institutional investors own 85.78% 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 research note on Friday, March 14th.

Insider Buying and Selling

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the business’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 transaction of $300,230.03. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the business’s 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. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 in the last 90 days. 9.68% of the stock is owned by corporate insiders.

Copart Stock Up 1.4%

NASDAQ CPRT opened at $63.84 on Friday. The firm has a market cap of $61.68 billion, a PE ratio of 42.85 and a beta of 1.20. The company has a 50 day moving average price of $58.19 and a 200 day moving average price of $58.00. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm 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%. On average, 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.