LaFleur & Godfrey LLC Trims Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

LaFleur & Godfrey LLC lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,494 shares of the business services provider’s stock after selling 7,799 shares during the quarter. Copart comprises approximately 1.8% of LaFleur & Godfrey LLC’s portfolio, making the stock its 17th biggest position. LaFleur & Godfrey LLC’s holdings in Copart were worth $12,274,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Copart during the 3rd quarter worth about $25,000. Manchester Capital Management LLC increased its holdings in Copart by 101.0% during the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock worth $27,000 after purchasing an additional 314 shares during the last quarter. Quarry LP purchased a new stake in Copart during the 1st quarter worth approximately $29,000. Bell Investment Advisors Inc increased its holdings in Copart by 87.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after purchasing an additional 323 shares during the last quarter. Finally, Annapolis Financial Services LLC increased its holdings in shares of Copart by 100.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 360 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 Copart news, Director Daniel J. Englander sold 320,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $47.04, for a total value of $15,052,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Daniel J. Englander sold 320,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $47.04, for a total transaction of $15,052,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the director now owns 35,000 shares in the company, valued at $1,934,450. The disclosure for this sale can be found here. Insiders sold a total of 705,000 shares of company stock worth $35,910,750 in the last 90 days. 10.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. HSBC assumed coverage on Copart in a research report on Monday, December 4th. They set a “hold” rating and a $51.00 price objective for the company. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. assumed coverage on Copart in a report on Tuesday, February 27th. They issued a “neutral” rating and a $48.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.00.

Copart Stock Performance

NASDAQ:CPRT traded up $0.38 during trading hours on Thursday, hitting $57.62. 2,160,872 shares of the company’s stock traded hands, compared to its average volume of 4,749,722. The stock’s fifty day moving average price is $52.13 and its two-hundred day moving average price is $48.65. Copart, Inc. has a twelve month low of $36.63 and a twelve month high of $58.15. The firm has a market cap of $55.40 billion, a P/E ratio of 41.67 and a beta of 1.22.

Copart (NASDAQ:CPRT) last issued its earnings results 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 firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. On average, equities research analysts predict that Copart, Inc. will post 1.42 earnings per share for the current 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.