Burney Co. Sells 250 Shares of Copart, Inc. (NASDAQ:CPRT)

Burney Co. lowered its stake in Copart, Inc. (NASDAQ:CPRTFree Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,370 shares of the business services provider’s stock after selling 250 shares during the period. Burney Co.’s holdings in Copart were worth $825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CPRT. Principal Financial Group Inc. lifted its stake in shares of Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after buying an additional 941,858 shares in the last quarter. State Street Corp increased its position in shares of Copart by 0.4% during the third quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock valued at $1,789,877,000 after acquiring an additional 120,939 shares in the last quarter. Edgewood Management LLC raised its holdings in Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after acquiring an additional 125,220 shares during the last quarter. Geode Capital Management LLC lifted its position in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after acquiring an additional 291,580 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Copart by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock valued at $376,035,000 after purchasing an additional 598,566 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Read Our Latest Analysis on CPRT

Copart Stock Up 0.9 %

Shares of CPRT stock opened at $56.90 on Friday. The company has a 50 day moving average price of $59.07 and a 200-day moving average price of $54.71. Copart, Inc. has a 52 week low of $47.51 and a 52 week high of $64.38. The firm has a market capitalization of $54.82 billion, a PE ratio of 40.07 and a beta of 1.33.

Copart (NASDAQ:CPRTGet Free Report) last announced its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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