Venturi Wealth Management LLC Sells 289 Shares of Copart, Inc. (NASDAQ:CPRT)

Venturi Wealth Management LLC trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,527 shares of the business services provider’s stock after selling 289 shares during the quarter. Venturi Wealth Management LLC’s holdings in Copart were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank bought a new position in Copart in the 3rd quarter worth $29,000. Quarry LP bought a new position in Copart in the 3rd quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in Copart in the 3rd quarter worth $33,000. True Wealth Design LLC raised its holdings in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the period. Finally, Continuum Advisory LLC raised its holdings in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after purchasing an additional 452 shares during the period. 85.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

Copart Trading Up 0.3 %

Shares of CPRT stock opened at $59.74 on Thursday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The stock’s 50-day moving average price is $58.14 and its 200-day moving average price is $55.59. The stock has a market capitalization of $57.56 billion, a price-to-earnings ratio of 42.07 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, research analysts predict that Copart, Inc. will post 1.57 EPS 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.