Financial Counselors Inc. Buys 285 Shares of Copart, Inc. (NASDAQ:CPRT)

Financial Counselors Inc. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,855 shares of the business services provider’s stock after buying an additional 285 shares during the quarter. Financial Counselors Inc.’s holdings in Copart were worth $8,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CPRT. Sandy Spring Bank boosted its position in Copart by 59.5% in the fourth 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. Quarry LP purchased a new position in shares of Copart in the third quarter worth approximately $29,000. True Wealth Design LLC grew its position in Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the period. Curio Wealth LLC purchased a new stake in Copart during the fourth quarter valued at approximately $52,000. Finally, Continuum Advisory LLC raised its position in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,480 shares of company stock worth $21,667,683. 9.68% of the stock is owned by corporate insiders.

Copart Stock Down 0.9 %

CPRT stock opened at $55.07 on Thursday. The business’s 50-day moving average price is $56.38 and its 200-day moving average price is $56.10. The stock has a market cap of $53.20 billion, a P/E ratio of 36.96 and a beta of 1.30. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly 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. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate 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 expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.