Semanteon Capital Management LP Sells 826 Shares of Copart, Inc. (NASDAQ:CPRT)

Semanteon Capital Management LP decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,683 shares of the business services provider’s stock after selling 826 shares during the quarter. Semanteon Capital Management LP’s holdings in Copart were worth $498,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sandy Spring Bank raised 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 purchasing an additional 176 shares in the last quarter. Quarry LP acquired a new stake in Copart in the 3rd quarter worth about $29,000. True Wealth Design LLC raised its stake in 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 in 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 acquired a new stake in Copart in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In other Copart news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 415,480 shares of company stock worth $23,407,983 in the last three months. 9.68% of the stock is owned by corporate insiders.

Copart Trading Down 0.4 %

Shares of NASDAQ:CPRT opened at $53.63 on Friday. The firm has a 50 day moving average of $56.43 and a 200-day moving average of $55.99. The stock has a market capitalization of $51.81 billion, a PE ratio of 35.99 and a beta of 1.30. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last issued its 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. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research note 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.