Moran Wealth Management LLC Sells 502 Shares of Copart, Inc. (NASDAQ:CPRT)

Moran Wealth Management LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,528 shares of the business services provider’s stock after selling 502 shares during the period. Moran Wealth Management LLC’s holdings in Copart were worth $6,171,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Quarry LP bought a new stake in Copart in the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in Copart in the 3rd quarter valued at $33,000. True Wealth Design LLC boosted 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 valued at $34,000 after purchasing an additional 608 shares during the period. Retirement Wealth Solutions LLC bought a new stake in Copart in the 4th quarter valued at $54,000. Finally, Continuum Advisory LLC boosted 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 valued at $55,000 after purchasing an additional 452 shares during the period. 85.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Copart Stock Performance

Shares of CPRT stock opened at $52.82 on Tuesday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The stock has a market cap of $51.03 billion, a price-to-earnings ratio of 35.45 and a beta of 1.30. The firm has a fifty day moving average of $57.05 and a 200-day moving average of $56.01.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In related news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction dated 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 owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is currently owned by corporate insiders.

Copart 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.