Intrepid Capital Management Inc. Has $2.98 Million Position in Copart, Inc. (NASDAQ:CPRT)

Intrepid Capital Management Inc. lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,911 shares of the business services provider’s stock after selling 6,388 shares during the period. Copart accounts for 1.5% of Intrepid Capital Management Inc.’s holdings, making the stock its 18th biggest position. Intrepid Capital Management Inc.’s holdings in Copart were worth $2,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. raised its stake in 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 worth $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service increased its position in Copart by 3.2% during the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of Copart in the 4th quarter valued at $3,962,000. Tsai Capital Corp grew its holdings in shares of Copart by 13.3% during the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock worth $3,540,000 after purchasing an additional 7,230 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after acquiring an additional 9,222 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,480 shares of company stock valued at $21,667,683. 9.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Copart Price Performance

CPRT opened at $57.21 on Wednesday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The company’s 50-day moving average is $56.32 and its 200 day moving average is $56.33. The firm has a market capitalization of $55.27 billion, a P/E ratio of 38.40 and a beta of 1.30.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current 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.