Mutual of America Capital Management LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 171,573 shares of the business services provider’s stock after selling 1,938 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Copart were worth $7,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Copart by 216.3% in the 3rd quarter. IFP Advisors Inc now owns 5,491 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 3,755 shares during the period. Crow Point Partners LLC bought a new stake in Copart in the 3rd quarter valued at $198,000. Private Advisor Group LLC bought a new stake in Copart in the 3rd quarter valued at $200,000. Sapphire Star Partners LP bought a new stake in Copart in the 3rd quarter valued at $205,000. Finally, Cookson Peirce & Co. Inc. boosted its holdings in Copart by 104.8% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 6,614 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 3,384 shares during the period. 77.59% of the stock is owned by institutional investors and hedge funds.

Shares of Copart, Inc. (CPRT) opened at $43.62 on Friday. The stock has a market cap of $10,193.57 and a PE ratio of 34.08. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. Copart, Inc. has a 1 year low of $27.74 and a 1 year high of $46.09.

Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $419.17 million during the quarter, compared to analysts’ expectations of $377.37 million. Copart had a net margin of 20.01% and a return on equity of 29.96%. During the same quarter last year, the company posted $0.29 EPS. analysts expect that Copart, Inc. will post 1.52 earnings per share for the current fiscal year.

A number of brokerages have weighed in on CPRT. BidaskClub downgraded shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens set a $49.00 price objective on shares of Copart and gave the stock a “hold” rating in a report on Wednesday, January 17th. Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price objective on shares of Copart in a report on Friday, December 22nd. Finally, Gabelli reaffirmed a “hold” rating on shares of Copart in a report on Friday, November 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $43.00.

In other Copart news, Director Matt Blunt sold 116,667 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 68,004 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

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About Copart

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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