Clarius Group LLC Has $274,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Clarius Group LLC trimmed its position in Copart, Inc. (NASDAQ:CPRT) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,601 shares of the business services provider’s stock after selling 575 shares during the quarter. Clarius Group LLC’s holdings in Copart were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Nordea Investment Management AB grew its position in shares of Copart by 64.1% in the fourth quarter. Nordea Investment Management AB now owns 1,441,839 shares of the business services provider’s stock valued at $70,448,000 after purchasing an additional 563,233 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Copart by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider’s stock valued at $139,554,000 after buying an additional 44,248 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its position in Copart by 57.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 63,521 shares of the business services provider’s stock worth $3,113,000 after buying an additional 23,304 shares during the period. Artemis Investment Management LLP lifted its holdings in shares of Copart by 29.0% during the fourth quarter. Artemis Investment Management LLP now owns 1,167,186 shares of the business services provider’s stock worth $57,193,000 after buying an additional 262,499 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Copart by 72.5% in the third quarter. Checchi Capital Advisers LLC now owns 6,228 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 2,618 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CPRT has been the topic of a number of research reports. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price objective 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.00.

Insider Buying and Selling at Copart

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

Copart Price Performance

Shares of CPRT stock opened at $55.38 on Monday. Copart, Inc. has a one year low of $38.05 and a one year high of $58.58. The stock has a fifty day moving average price of $54.02 and a 200 day moving average price of $49.77. The stock has a market cap of $53.25 billion, a P/E ratio of 39.84 and a beta of 1.22.

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

Copart Profile

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.