Meeder Asset Management Inc. Has $28,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Meeder Asset Management Inc. reduced its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 99.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 490 shares of the business services provider’s stock after selling 86,890 shares during the period. Meeder Asset Management Inc.’s holdings in Copart were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPRT. Sandy Spring Bank boosted its holdings in Copart by 59.5% during the fourth 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 bought a new position in shares of Copart during the 3rd quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in Copart in the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC bought a new stake in Copart in the fourth quarter valued at $54,000. Finally, Continuum Advisory LLC raised its stake in Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of Copart 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 disclosure for this sale can be found here. Insiders own 9.68% of the company’s stock.

Copart Trading Up 0.5 %

NASDAQ:CPRT opened at $57.47 on Thursday. The stock has a market capitalization of $55.52 billion, a P/E ratio of 38.57 and a beta of 1.30. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The firm has a 50 day moving average of $56.31 and a 200-day moving average of $56.34.

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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, analysts forecast that Copart, Inc. will post 1.57 EPS 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.