Stephens Inc. AR Sells 666 Shares of Copart, Inc. (NASDAQ:CPRT)

Stephens Inc. AR lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,521 shares of the business services provider’s stock after selling 666 shares during the quarter. Stephens Inc. AR’s holdings in Copart were worth $1,006,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CPRT. Rathbones Group PLC grew its holdings in Copart by 2.9% during the 4th quarter. Rathbones Group PLC now owns 7,821 shares of the business services provider’s stock valued at $383,000 after buying an additional 221 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Copart by 0.9% in the 4th quarter. Panagora Asset Management Inc. now owns 25,133 shares of the business services provider’s stock worth $1,232,000 after buying an additional 226 shares during the last quarter. Savant Capital LLC raised its position in shares of Copart by 3.8% during the 4th quarter. Savant Capital LLC now owns 6,933 shares of the business services provider’s stock valued at $340,000 after buying an additional 251 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Copart by 3.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the business services provider’s stock worth $379,000 after acquiring an additional 268 shares during the last quarter. Finally, BSW Wealth Partners increased its stake in Copart by 4.1% in the fourth quarter. BSW Wealth Partners now owns 6,972 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the sale, the director now owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a 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 dated 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 transaction, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, 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. 10.23% of the stock is currently owned by insiders.

Copart Stock Down 0.3 %

Shares of CPRT opened at $53.59 on Tuesday. The stock has a market cap of $51.57 billion, a P/E ratio of 37.74 and a beta of 1.26. The business’s 50 day moving average price is $54.70 and its 200-day moving average price is $52.14. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58.

Copart (NASDAQ:CPRTGet Free Report) last released its earnings results on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Copart had a return on equity of 20.80% and a net margin of 33.33%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Copart, Inc. will post 1.43 EPS for the current year.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on CPRT

About Copart

(Free Report)

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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