Independent Solutions Wealth Management LLC Buys 1,286 Shares of Copart, Inc. (NASDAQ:CPRT)

Independent Solutions Wealth Management LLC raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 67,900 shares of the business services provider’s stock after purchasing an additional 1,286 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Copart were worth $3,897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after acquiring an additional 941,858 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Copart by 34.0% in the third quarter. Thrivent Financial for Lutherans now owns 193,671 shares of the business services provider’s stock worth $10,149,000 after purchasing an additional 49,149 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Copart during the 3rd quarter valued at $848,000. Fifth Third Wealth Advisors LLC lifted its stake in shares of Copart by 10.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 9,018 shares of the business services provider’s stock valued at $473,000 after buying an additional 817 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Copart in the 3rd quarter worth $3,229,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 315,480 shares of company stock worth $18,007,983. Corporate insiders own 9.68% of the company’s stock.

Copart Price Performance

Copart stock opened at $53.85 on Friday. The firm’s 50 day moving average price is $56.47 and its 200-day moving average price is $55.99. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a market cap of $52.02 billion, a P/E ratio of 36.14 and a beta of 1.30.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.