B. Metzler seel. Sohn & Co. AG Sells 11,520 Shares of Copart, Inc. (NASDAQ:CPRT)

B. Metzler seel. Sohn & Co. AG lowered its position in Copart, Inc. (NASDAQ:CPRT) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,100 shares of the business services provider’s stock after selling 11,520 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Copart were worth $2,875,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPRT. Mn Services Vermogensbeheer B.V. increased its stake in Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after acquiring an additional 8,300 shares during the last quarter. National Pension Service increased its position in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in Copart in the fourth quarter valued at approximately $3,962,000. Sanctuary Advisors LLC lifted its position in Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Finally, Tsai Capital Corp grew its stake in Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock worth $3,540,000 after buying an additional 7,230 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Performance

Shares of CPRT opened at $57.21 on Wednesday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm has a market cap of $55.27 billion, a price-to-earnings ratio of 38.40 and a beta of 1.30. The firm has a 50 day moving average price of $56.32 and a 200-day moving average price of $56.33.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The business 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, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold 385,480 shares of company stock worth $21,667,683 in the last ninety days. 9.68% of the stock is owned by company insiders.

About Copart

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.