Independent Solutions Wealth Management LLC Acquires 1,286 Shares of Copart, Inc. (NASDAQ:CPRT)

Independent Solutions Wealth Management LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,900 shares of the business services provider’s stock after acquiring an additional 1,286 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Copart were worth $3,897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. boosted its position 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 worth $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service raised its stake in Copart by 3.2% during 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 buying an additional 48,334 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Copart in the fourth quarter worth $3,962,000. Sanctuary Advisors LLC grew its stake in shares of Copart by 21.2% in the third 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. Finally, Cobblestone Capital Advisors LLC NY increased its holdings 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 valued at $22,565,000 after acquiring an additional 126,436 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.1 %

Shares of CPRT opened at $53.85 on Friday. The company has a market cap of $52.02 billion, a price-to-earnings ratio of 36.14 and a beta of 1.30. The business’s fifty day simple moving average is $56.47 and its two-hundred day simple moving average is $55.99. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS 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 analysts’ expectations of $1.13 billion. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was 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 can be accessed through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 315,480 shares of company stock valued at $18,007,983 in the last 90 days. 9.68% of the stock is currently owned by insiders.

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.