Bright Rock Capital Management LLC Sells 20,000 Shares of Copart, Inc. (NASDAQ:CPRT)

Bright Rock Capital Management LLC reduced its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,000 shares of the business services provider's stock after selling 20,000 shares during the period. Copart accounts for 2.0% of Bright Rock Capital Management LLC's holdings, making the stock its 19th biggest holding. Bright Rock Capital Management LLC's holdings in Copart were worth $9,297,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Wallace Advisory Group LLC grew its stake in Copart by 16.3% in the 4th quarter. Wallace Advisory Group LLC now owns 10,572 shares of the business services provider's stock valued at $554,000 after purchasing an additional 1,480 shares during the period. Signal Advisors Wealth LLC increased its position in Copart by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 54,055 shares of the business services provider's stock worth $3,102,000 after buying an additional 15,993 shares during the last quarter. Unique Wealth LLC raised its stake in shares of Copart by 43.9% in the fourth quarter. Unique Wealth LLC now owns 5,858 shares of the business services provider's stock valued at $336,000 after buying an additional 1,788 shares during the period. Eastern Bank lifted its position in shares of Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock valued at $69,000 after buying an additional 640 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in Copart by 2.0% in the 4th quarter. Wedmont Private Capital now owns 17,408 shares of the business services provider's stock worth $969,000 after acquiring an additional 334 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock valued at $39,199,813 over the last quarter. 9.68% of the stock is owned by corporate insiders.

Copart Stock Up 0.3 %

Shares of CPRT stock traded up $0.18 on Wednesday, reaching $56.40. The company's stock had a trading volume of 4,983,143 shares, compared to its average volume of 3,902,316. The company has a market capitalization of $54.34 billion, a P/E ratio of 39.72 and a beta of 1.31. The stock's 50 day simple moving average is $59.03 and its 200-day simple moving average is $54.66. Copart, Inc. has a 12-month low of $47.31 and a 12-month high of $64.38.

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