Integrated Wealth Concepts LLC Acquires 20,210 Shares of Copart, Inc. (NASDAQ:CPRT)

Integrated Wealth Concepts LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,171 shares of the business services provider’s stock after acquiring an additional 20,210 shares during the period. Integrated Wealth Concepts LLC’s holdings in Copart were worth $6,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sandy Spring Bank raised its position in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the last quarter. Curio Wealth LLC bought a new stake in Copart in the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter worth $54,000. Eastern Bank boosted its holdings 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 valued at $69,000 after purchasing an additional 640 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Copart during the fourth quarter valued at about $73,000. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Cohan sold 94,997 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock valued at $11,401,000 in the last ninety days. Insiders own 9.68% of the company’s stock.

Copart Stock Down 1.7 %

Copart stock opened at $60.90 on Friday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm’s fifty day moving average is $56.34 and its 200 day moving average is $57.13. The company has a market cap of $58.84 billion, a price-to-earnings ratio of 40.87 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.