Thrivent Financial for Lutherans Sells 52,174 Shares of Copart, Inc. (NASDAQ:CPRT)

Thrivent Financial for Lutherans lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,497 shares of the business services provider’s stock after selling 52,174 shares during the period. Thrivent Financial for Lutherans’ holdings in Copart were worth $8,116,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CPRT. Principal Financial Group Inc. grew its position in 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 worth $2,037,130,000 after purchasing an additional 941,858 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Copart by 10.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 242,705 shares of the business services provider’s stock worth $12,718,000 after acquiring an additional 22,959 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Copart by 25.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,856 shares of the business services provider’s stock worth $831,000 after acquiring an additional 3,177 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Copart by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,267,339 shares of the business services provider’s stock worth $276,009,000 after acquiring an additional 76,908 shares during the last quarter. Finally, Allen Capital Group LLC purchased a new position in shares of Copart during the 3rd quarter worth $283,000. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Insider Activity at Copart

In other Copart 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 hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,480 shares of company stock worth $23,407,983. 9.68% of the stock is owned by corporate insiders.

Copart Price Performance

Shares of Copart stock opened at $53.63 on Friday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company’s fifty day simple moving average is $56.43 and its 200-day simple moving average is $56.01. The stock has a market capitalization of $51.81 billion, a PE ratio of 35.99 and a beta of 1.30.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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 analysts’ expectations of $1.13 billion. As a group, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

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.