TD Private Client Wealth LLC Trims Holdings in Copart, Inc. (NASDAQ:CPRT)

TD Private Client Wealth LLC cut its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,186 shares of the business services provider’s stock after selling 638 shares during the quarter. TD Private Client Wealth LLC’s holdings in Copart were worth $1,158,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CPRT. 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 worth $27,000 after acquiring an additional 176 shares during the period. Quarry LP purchased a new stake in shares of Copart in the third quarter valued at $29,000. True Wealth Design LLC increased its stake in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the last quarter. Curio Wealth LLC acquired a new stake in Copart in the 4th quarter worth about $52,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In other news, Director James E. Meeks sold 100,000 shares of Copart 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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. Insiders sold 385,480 shares of company stock valued at $21,667,683 over the last 90 days. Corporate insiders own 9.68% of the company’s stock.

Copart Trading Down 0.4 %

Shares of Copart stock opened at $53.63 on Monday. The business’s fifty day moving average price is $56.43 and its 200 day moving average price is $56.03. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock has a market capitalization of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

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

Copart Company 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.