Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,184 shares of the business services provider’s stock after buying an additional 12,206 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Copart were worth $14,069,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of Copart by 2.5% during 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 purchasing an additional 941,858 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Copart by 34.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 193,671 shares of the business services provider’s stock valued at $10,149,000 after purchasing an additional 49,149 shares in the last quarter. Quest Partners LLC bought a new position in shares of Copart during the 3rd quarter valued at about $848,000. Fifth Third Wealth Advisors LLC boosted its position in shares of Copart by 10.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 9,018 shares of the business services provider’s stock valued at $473,000 after purchasing an additional 817 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Copart during the 3rd quarter valued at about $3,229,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Price Performance

Shares of CPRT opened at $53.85 on Friday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a 50-day moving average of $56.47 and a two-hundred day moving average of $55.99. The stock has a market cap of $52.02 billion, a price-to-earnings ratio of 36.14 and a beta of 1.30.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.13 billion. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock worth $18,007,983 over the last ninety days. 9.68% of the stock is currently owned by company 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.