Creative Financial Designs Inc. ADV Sells 200 Shares of Copart, Inc. (NASDAQ:CPRT)

Creative Financial Designs Inc. ADV lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 15.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,108 shares of the business services provider’s stock after selling 200 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Copart were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Addison Capital Co grew its stake in Copart by 0.5% in the 4th quarter. Addison Capital Co now owns 57,585 shares of the business services provider’s stock valued at $3,305,000 after purchasing an additional 302 shares during the period. GWN Securities Inc. bought a new position in Copart in the 4th quarter valued at $565,000. Gallacher Capital Management LLC bought a new position in Copart in the 4th quarter valued at $218,000. Corient Private Wealth LLC grew its stake in Copart by 4.8% in the 4th quarter. Corient Private Wealth LLC now owns 258,993 shares of the business services provider’s stock valued at $14,864,000 after purchasing an additional 11,840 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Copart by 6.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 163,326 shares of the business services provider’s stock valued at $9,373,000 after purchasing an additional 9,400 shares during the period. Institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

CPRT stock opened at $53.85 on Friday. The company has a market capitalization of $52.02 billion, a price-to-earnings ratio of 36.14 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a fifty day moving average of $56.47 and a 200-day moving average of $55.99.

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

Copart Company 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.