Resonant Capital Advisors LLC Sells 3,729 Shares of Copart, Inc. (NASDAQ:CPRT)

Resonant Capital Advisors LLC trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 14.2% in the 4th quarter, Holdings Channel reports. The firm owned 22,553 shares of the business services provider’s stock after selling 3,729 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Copart were worth $1,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CPRT. OFI Invest Asset Management bought a new stake in shares of Copart in the third quarter valued at about $25,000. Manchester Capital Management LLC raised its holdings in shares of Copart by 101.0% in the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 314 shares in the last quarter. Quarry LP bought a new stake in shares of Copart in the 1st quarter valued at about $29,000. Bell Investment Advisors Inc raised its holdings in shares of Copart by 87.1% in the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 323 shares in the last quarter. Finally, Annapolis Financial Services LLC raised 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 purchasing an additional 360 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CPRT. JPMorgan Chase & Co. boosted their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.00.

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the business’s 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 sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the business’s 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 sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of the business’s 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 sale, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. In the last quarter, insiders have sold 985,000 shares of company stock valued at $55,519,950. Insiders own 10.23% of the company’s stock.

Copart Stock Down 0.6 %

NASDAQ CPRT opened at $52.88 on Friday. The firm has a market cap of $50.84 billion, a PE ratio of 38.04 and a beta of 1.22. The company has a 50 day moving average price of $54.34 and a 200 day moving average price of $50.05. Copart, Inc. has a 52 week low of $38.35 and a 52 week high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm 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%. The company’s revenue 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 anticipate that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Copart Company 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.