Pitcairn Co. Has $557,000 Position in Copart, Inc. (NASDAQ:CPRT)

Pitcairn Co. cut its stake in Copart, Inc. (NASDAQ:CPRT) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,708 shares of the business services provider’s stock after selling 237 shares during the quarter. Pitcairn Co.’s holdings in Copart were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CPRT. HighPoint Advisor Group LLC raised its position in shares of Copart by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 175 shares during the period. Sandy Spring Bank grew its stake in Copart by 59.5% in the 4th 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. Lindbrook Capital LLC raised its holdings in Copart by 3.2% in 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 period. Everpar Advisors LLC lifted its position in Copart by 4.3% during 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 during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Copart by 0.3% during 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 acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by corporate insiders.

Copart Price Performance

NASDAQ CPRT opened at $54.51 on Friday. The company’s fifty day moving average is $56.23 and its two-hundred day moving average is $56.42. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm has a market capitalization of $52.66 billion, a price-to-earnings ratio of 36.58 and a beta of 1.22.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, sell-side analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.