Copart, Inc. (NASDAQ:CPRT) Position Increased by Headlands Technologies LLC

Headlands Technologies LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 56.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,591 shares of the business services provider’s stock after buying an additional 11,095 shares during the quarter. Headlands Technologies LLC’s holdings in Copart were worth $1,756,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank lifted its position in 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 stake in shares of Copart in the third quarter valued at approximately $29,000. Curio Wealth LLC bought a new stake in shares of Copart during the fourth quarter valued at approximately $52,000. Continuum Advisory LLC boosted its position in shares of 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 buying an additional 452 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in Copart in the 4th quarter worth approximately $54,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Price Performance

NASDAQ CPRT opened at $57.21 on Wednesday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm has a market capitalization of $55.27 billion, a PE ratio of 38.40 and a beta of 1.30. The company’s 50 day simple moving average is $56.32 and its 200 day simple moving average is $56.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Sell-side analysts anticipate 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 business’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of Copart 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. In the last three months, insiders sold 385,480 shares of company stock valued at $21,667,683. 9.68% of the stock is owned by insiders.

Analyst Ratings Changes

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

About Copart

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.