Meeder Advisory Services Inc. Has $1.08 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Meeder Advisory Services Inc. boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,784 shares of the business services provider’s stock after buying an additional 1,136 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Copart were worth $1,078,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CPRT. Sandy Spring Bank boosted its stake in shares of 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 purchasing an additional 176 shares in the last quarter. Quarry LP acquired a new position in Copart in the third quarter valued at about $29,000. Curio Wealth LLC bought a new stake in Copart during the fourth quarter worth about $52,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Copart during the fourth quarter worth approximately $54,000. Finally, Continuum Advisory LLC raised its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

Copart Stock Up 0.5 %

Shares of NASDAQ:CPRT 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 firm has a market cap of $55.52 billion, a P/E ratio of 38.57 and a beta of 1.30. The company’s 50-day moving average price is $56.31 and its two-hundred day moving average price is $56.34.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating 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 business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.