Capital Analysts LLC Sells 375 Shares of Copart, Inc. (NASDAQ:CPRT)

Capital Analysts LLC trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,695 shares of the business services provider’s stock after selling 375 shares during the quarter. Capital Analysts LLC’s holdings in Copart were worth $720,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CPRT. Mackenzie Financial Corp lifted its holdings in Copart by 243.3% during the 4th quarter. Mackenzie Financial Corp now owns 3,839,773 shares of the business services provider’s stock valued at $188,149,000 after buying an additional 2,721,412 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of Copart during the fourth quarter valued at approximately $217,000. Vontobel Holding Ltd. boosted its holdings in shares of Copart by 1.6% in the fourth quarter. Vontobel Holding Ltd. now owns 70,529 shares of the business services provider’s stock valued at $3,456,000 after purchasing an additional 1,133 shares during the period. Crown Oak Advisors LLC bought a new position in Copart in the fourth quarter worth approximately $7,724,000. Finally, Granite Bay Wealth Management LLC purchased a new position in Copart during the 4th quarter worth $494,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Copart

In related news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock valued at $55,519,950 in the last 90 days. Insiders own 10.23% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRT has been the subject of several research reports. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. increased their target price on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.00.

Copart Trading Down 0.7 %

Shares of NASDAQ CPRT opened at $54.38 on Wednesday. The stock has a market capitalization of $52.29 billion, a PE ratio of 39.12 and a beta of 1.22. Copart, Inc. has a 12-month low of $38.35 and a 12-month high of $58.58. The stock’s fifty day simple moving average is $54.20 and its two-hundred day simple moving average is $49.93.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. Copart’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. On average, equities analysts predict that Copart, Inc. will post 1.42 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.