AlphaQuest LLC Sells 15,579 Shares of Copart, Inc. (NASDAQ:CPRT)

AlphaQuest LLC trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 96.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 601 shares of the business services provider’s stock after selling 15,579 shares during the period. AlphaQuest LLC’s holdings in Copart were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPRT. Principal Financial Group Inc. boosted its holdings in shares of 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 in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Copart by 34.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 193,671 shares of the business services provider’s stock valued at $10,149,000 after buying an additional 49,149 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Copart in the 3rd quarter valued at about $848,000. PNC Financial Services Group Inc. boosted its holdings in shares of Copart by 10.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 242,705 shares of the business services provider’s stock valued at $12,718,000 after buying an additional 22,959 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Copart by 25.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,856 shares of the business services provider’s stock valued at $831,000 after buying an additional 3,177 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Insider Activity at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 415,480 shares of company stock valued at $23,407,983 in the last three months. 9.68% of the stock is owned by insiders.

Copart Stock Down 0.4 %

Shares of Copart stock opened at $53.63 on Friday. The firm has a market capitalization of $51.81 billion, a P/E ratio of 35.99 and a beta of 1.30. The company has a 50 day moving average price of $56.43 and a 200 day moving average price of $55.99. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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