Alliance Wealth Advisors LLC UT Has $433,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Alliance Wealth Advisors LLC UT trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 7,540 shares of the business services provider’s stock after selling 372 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Copart were worth $433,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. raised its position in shares of Copart by 1.3% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 221,850 shares of the business services provider’s stock valued at $12,732,000 after purchasing an additional 2,891 shares during the period. One Wealth Advisors LLC raised its holdings in Copart by 3.6% in the 4th quarter. One Wealth Advisors LLC now owns 26,344 shares of the business services provider’s stock worth $1,512,000 after acquiring an additional 921 shares during the period. Resonant Capital Advisors LLC lifted its position in Copart by 2.5% during the 4th quarter. Resonant Capital Advisors LLC now owns 23,379 shares of the business services provider’s stock worth $1,342,000 after acquiring an additional 569 shares during the last quarter. Western Pacific Wealth Management LP boosted its holdings in Copart by 24.8% during the fourth quarter. Western Pacific Wealth Management LP now owns 2,665 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 530 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $293,000. 85.78% of the stock is owned by institutional investors.

Copart Price Performance

NASDAQ:CPRT opened at $57.86 on Wednesday. The stock has a market cap of $55.75 billion, a P/E ratio of 40.75 and a beta of 1.33. The company has a fifty day moving average price of $58.88 and a 200 day moving average price of $55.03. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of Copart 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value 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. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

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.