Semanteon Capital Management LP Has $498,000 Position in Copart, Inc. (NASDAQ:CPRT)

Semanteon Capital Management LP lowered its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CPRT. Sandy Spring Bank raised 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 buying an additional 176 shares during the last quarter. Quarry LP acquired a new stake in Copart in the 3rd quarter valued at approximately $29,000. True Wealth Design LLC raised its position 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 valued at $34,000 after buying an additional 608 shares during the last quarter. Curio Wealth LLC acquired a new stake in Copart in the 4th quarter valued at approximately $52,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Copart in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Down 0.4 %

Shares of Copart stock opened at $53.63 on Friday. The stock has a market cap of $51.81 billion, a P/E 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. The business’s 50 day moving average is $56.43 and its 200-day moving average is $55.99.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 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 firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction dated Thursday, January 2nd. The stock was 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. Insiders sold a total of 415,480 shares of company stock valued at $23,407,983 in the last quarter. 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.