Plancorp LLC Purchases New Shares in Copart, Inc. (NASDAQ:CPRT)

Plancorp LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,574 shares of the business services provider’s stock, valued at approximately $205,000.

Other institutional investors have also made changes to their positions in the company. Sandy Spring Bank raised its holdings in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Cadence Bank raised its holdings in Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 178 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after purchasing an additional 184 shares during the last quarter. Everpar Advisors LLC raised its holdings in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after purchasing an additional 200 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,480 shares of company stock worth $23,407,983. 9.68% of the stock is currently owned by company insiders.

Copart Trading Down 0.4 %

Copart stock opened at $53.63 on Friday. The firm has a market capitalization of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The business has a 50-day moving average of $56.43 and a 200-day moving average of $56.01.

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 the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Argus cut Copart from a “buy” rating to a “hold” rating in a 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.