Copart, Inc. (NASDAQ:CPRT) Director Sells $13,384,683.20 in Stock

Copart, Inc. (NASDAQ:CPRT) Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Copart Stock Up 1.0 %

Shares of CPRT opened at $56.78 on Friday. Copart, Inc. has a fifty-two week low of $46.82 and a fifty-two week high of $64.38. The company has a market cap of $54.71 billion, a P/E ratio of 39.99 and a beta of 1.33. The firm’s 50 day moving average price is $58.81 and its 200 day moving average price is $54.64.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. Research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Copart

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Private Trust Co. raised its holdings in Copart by 9.5% in the fourth quarter. Legacy Private Trust Co. now owns 10,937 shares of the business services provider’s stock valued at $628,000 after acquiring an additional 950 shares in the last quarter. Canandaigua National Trust Co of Florida acquired a new stake in shares of Copart in the 4th quarter valued at $325,000. GAMMA Investing LLC raised its holdings in shares of Copart by 31.5% in the 4th quarter. GAMMA Investing LLC now owns 16,754 shares of the business services provider’s stock valued at $962,000 after purchasing an additional 4,014 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Copart by 0.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock worth $1,447,000 after purchasing an additional 213 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Copart during the third quarter worth $1,206,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

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.