National Bank of Canada FI Sells 173,447 Shares of Copart, Inc. (NASDAQ:CPRT)

National Bank of Canada FI cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 492,187 shares of the business services provider’s stock after selling 173,447 shares during the quarter. National Bank of Canada FI owned about 0.05% of Copart worth $28,247,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Copart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock valued at $5,861,185,000 after buying an additional 976,909 shares in the last quarter. Principal Financial Group Inc. lifted its position in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after acquiring an additional 941,858 shares in the last quarter. State Street Corp boosted its stake in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after purchasing an additional 120,939 shares during the period. Bank of New York Mellon Corp increased its holdings in Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Copart Stock Up 0.5 %

Shares of CPRT stock opened at $57.47 on Thursday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company’s fifty day simple moving average is $56.31 and its 200-day simple moving average is $56.34. The firm has a market cap of $55.52 billion, a PE ratio of 38.57 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during 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 analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was 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. Corporate insiders own 9.68% of the company’s stock.

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.