Wisconsin Capital Management LLC Has $4.75 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Wisconsin Capital Management LLC lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,678 shares of the business services provider’s stock after selling 3,888 shares during the period. Copart comprises 2.6% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Wisconsin Capital Management LLC’s holdings in Copart were worth $4,745,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CPRT. Vanguard Group Inc. lifted its holdings in shares of Copart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock valued at $5,861,185,000 after purchasing an additional 976,909 shares in the last quarter. Principal Financial Group Inc. raised its position in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares during the last quarter. State Street Corp lifted its stake in Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock valued at $1,789,877,000 after acquiring an additional 120,939 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after acquiring an additional 3,667,534 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Copart by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider’s stock worth $1,097,153,000 after acquiring an additional 408,677 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Copart

In other news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 385,480 shares of company stock worth $21,667,683 over the last three months. 9.68% of the stock is currently owned by insiders.

Copart Trading Up 1.1 %

Shares of Copart stock opened at $57.21 on Wednesday. The business’s fifty day simple moving average is $56.32 and its 200 day simple moving average is $56.33. 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 P/E ratio of 38.40 and a beta of 1.30.

Copart (NASDAQ:CPRT) last released its earnings results 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. 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%. Analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.