Copart, Inc. (NASDAQ:CPRT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 465,498 shares of the business services provider's stock after selling 10,060 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Copart were worth $26,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Kieckhefer Group LLC acquired a new stake in Copart in the fourth quarter valued at $3,962,000. Sanctuary Advisors LLC grew its holdings in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock valued at $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Geode Capital Management LLC grew its holdings in Copart by 1.6% in the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock valued at $979,547,000 after purchasing an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. grew its holdings in Copart by 17.7% in the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider's stock valued at $4,715,000 after purchasing an additional 13,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Copart in the third quarter valued at $1,206,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares of the company's stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company's stock.

Copart Price Performance

Copart stock traded up $0.15 during trading hours on Wednesday, hitting $59.74. The stock had a trading volume of 3,636,531 shares, compared to its average volume of 3,311,239. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock's fifty day moving average is $58.20 and its two-hundred day moving average is $55.56. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting 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 business's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

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

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.