Physician Wealth Advisors Inc. Has $213,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Physician Wealth Advisors Inc. reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,719 shares of the business services provider’s stock after selling 766 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Copart were worth $213,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the period. CreativeOne Wealth LLC raised its position in Copart by 106.4% in the third quarter. CreativeOne Wealth LLC now owns 9,605 shares of the business services provider’s stock worth $503,000 after purchasing an additional 4,951 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Copart by 13.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 188,277 shares of the business services provider’s stock worth $9,866,000 after buying an additional 22,592 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Copart by 12.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Copart during the third quarter worth about $761,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of the business’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 transaction of $5,400,000.00. 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. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Stock Down 0.9 %

Shares of Copart stock opened at $55.15 on Friday. The business has a fifty day simple moving average of $56.33 and a 200 day simple moving average of $56.19. The stock has a market cap of $53.28 billion, a PE ratio of 37.01 and a beta of 1.30. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal 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.