Fortis Capital Management LLC Has $4.41 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Fortis Capital Management LLC raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 29.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 76,853 shares of the business services provider’s stock after purchasing an additional 17,633 shares during the quarter. Fortis Capital Management LLC’s holdings in Copart were worth $4,411,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank boosted its position in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the last quarter. Cadence Bank lifted its stake in Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after acquiring an additional 178 shares in the last quarter. Lindbrook Capital LLC boosted 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 acquiring an additional 184 shares during the last quarter. Everpar Advisors LLC grew its stake in shares of Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

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 Buying and Selling at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction 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 SEC, which can be accessed through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,480 shares of company stock worth $23,407,983 over the last three months. 9.68% of the stock is currently owned by insiders.

Copart Trading Down 0.4 %

CPRT stock opened at $53.63 on Friday. The stock has a market cap of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30. The stock’s fifty day simple moving average is $56.43 and its two-hundred day simple moving average is $56.01. Copart, Inc. has a 1-year low of $48.05 and a 1-year 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, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

About Copart

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.