Kennedy Capital Management LLC Has $10.54 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Kennedy Capital Management LLC lowered its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 183,571 shares of the business services provider’s stock after selling 5,364 shares during the period. Kennedy Capital Management LLC’s holdings in Copart were worth $10,535,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings 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 during the last quarter. Quarry LP acquired a new position in Copart in the third quarter valued at $29,000. Curio Wealth LLC bought a new stake in Copart during the fourth quarter valued at $52,000. Retirement Wealth Solutions LLC acquired a new stake in Copart during the 4th quarter worth about $54,000. Finally, Continuum Advisory LLC raised its position in shares of Copart by 88.6% in the 3rd 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 and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 0.2 %

Shares of NASDAQ CPRT opened at $58.66 on Friday. 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 $56.67 billion, a PE ratio of 39.37 and a beta of 1.22. The company’s fifty day simple moving average is $56.08 and its 200 day simple moving average is $56.58.

Copart (NASDAQ:CPRT) last posted 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 the consensus estimate of $1.13 billion. On average, equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity at Copart

In other news, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. 9.68% of the stock is currently owned by insiders.

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.