Axxcess Wealth Management LLC Sells 1,883 Shares of Copart, Inc. (NASDAQ:CPRT)

Axxcess Wealth Management LLC lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 27.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,860 shares of the business services provider’s stock after selling 1,883 shares during the period. Axxcess Wealth Management LLC’s holdings in Copart were worth $279,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Copart during the third quarter valued at about $29,000. True Wealth Design LLC grew its holdings in Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the period. Curio Wealth LLC bought a new position in shares of Copart in the fourth quarter worth about $52,000. Retirement Wealth Solutions LLC bought a new position in shares of Copart in the fourth quarter worth about $54,000. Finally, Continuum Advisory LLC boosted its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares during the period. 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 dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a filing with the SEC, which is available 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 stock was 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. Over the last three months, insiders have sold 415,480 shares of company stock worth $23,407,983. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Down 0.4 %

NASDAQ CPRT opened at $53.63 on Friday. The firm has a market cap of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30. The business has a 50-day moving average price of $56.43 and a 200-day moving average price of $56.01. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last posted 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 the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Research analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Argus lowered Copart from a “buy” rating to a “hold” rating in a research note 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.