Corient Private Wealth LLC Has $14.86 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Corient Private Wealth LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,993 shares of the business services provider’s stock after purchasing an additional 11,840 shares during the quarter. Corient Private Wealth LLC’s holdings in Copart were worth $14,864,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CPRT. Quarry LP acquired a new position in shares of Copart in the 3rd quarter valued at $29,000. True Wealth Design LLC grew its holdings in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Copart in the 4th quarter worth about $54,000. Continuum Advisory LLC grew its holdings 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 purchasing an additional 452 shares during the last quarter. Finally, Eastern Bank grew its holdings in shares of Copart by 115.1% in the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock worth $69,000 after purchasing an additional 640 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Copart Stock Up 1.8 %

Shares of NASDAQ:CPRT opened at $53.88 on Thursday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company’s 50-day moving average price is $56.53 and its two-hundred day moving average price is $56.00. The firm has a market cap of $52.05 billion, a P/E ratio of 36.16 and a beta of 1.30.

Copart (NASDAQ:CPRT) last issued 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 net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates 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.

Insider Buying and Selling at Copart

In related 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were 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 owns 20,000 shares in the company, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,480 shares of company stock worth $18,007,983. Company insiders own 9.68% of the company’s stock.

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.