Crux Wealth Advisors Acquires New Position in Copart, Inc. (NASDAQ:CPRT)

Crux Wealth Advisors bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,928 shares of the business services provider’s stock, valued at approximately $225,000.

Other large investors have also modified their holdings of the company. Sandy Spring Bank lifted its stake in shares of Copart by 59.5% in the fourth 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 period. Curio Wealth LLC purchased a new position in Copart in the fourth quarter valued at about $52,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Copart during the 4th quarter valued at approximately $54,000. Eastern Bank boosted its stake in shares of Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock worth $69,000 after acquiring an additional 640 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Copart in the 4th quarter worth approximately $73,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Up 2.0 %

Shares of CPRT opened at $59.84 on Friday. The company has a 50-day moving average of $56.12 and a two-hundred day moving average of $56.64. The stock has a market cap of $57.81 billion, a P/E ratio of 40.16 and a beta of 1.22. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last posted its 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. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the company’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.