Curi RMB Capital LLC Reduces Stake in Copart, Inc. (NASDAQ:CPRT)

Curi RMB Capital LLC decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,548 shares of the business services provider’s stock after selling 13,596 shares during the quarter. Curi RMB Capital LLC’s holdings in Copart were worth $6,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock valued at $19,494,000 after buying an additional 8,300 shares in the last quarter. National Pension Service lifted its position in Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after acquiring an additional 48,334 shares during the last quarter. Tsai Capital Corp boosted its stake in Copart by 13.3% in the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock valued at $3,540,000 after acquiring an additional 7,230 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Copart during the fourth quarter worth about $3,962,000. Finally, Cobblestone Capital Advisors LLC NY increased its position in shares of Copart by 47.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock worth $22,565,000 after purchasing an additional 126,436 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $59.68 on Friday. The stock has a market cap of $57.66 billion, a P/E ratio of 40.05 and a beta of 1.22. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm has a fifty day moving average price of $56.22 and a 200 day moving average price of $56.90.

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

Insider Buying and Selling at Copart

In related 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven D. Cohan sold 5,003 shares of the stock in a transaction on Friday, April 11th. The stock was 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 three months, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

About Copart

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.