Matt Blunt Sells 50,000 Shares of Copart, Inc. (NASDAQ:CPRT) Stock

Copart, Inc. (NASDAQ:CPRT - Get Free Report) Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Copart Stock Performance

NASDAQ:CPRT traded down $0.33 during trading on Monday, reaching $56.58. The company's stock had a trading volume of 3,152,395 shares, compared to its average volume of 3,930,832. The firm has a market cap of $54.52 billion, a price-to-earnings ratio of 39.85 and a beta of 1.33. The firm has a 50 day moving average of $58.54 and a 200-day moving average of $54.60. Copart, Inc. has a 12 month low of $46.49 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cadence Bank grew its stake in shares of Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock worth $1,653,000 after acquiring an additional 178 shares during the period. Duncan Williams Asset Management LLC grew its stake in shares of Copart by 1.3% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider's stock worth $809,000 after acquiring an additional 203 shares during the period. Covestor Ltd grew its stake in shares of Copart by 5.1% during the 3rd quarter. Covestor Ltd now owns 4,299 shares of the business services provider's stock worth $225,000 after acquiring an additional 209 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Copart by 0.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider's stock worth $1,447,000 after acquiring an additional 213 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of Copart by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider's stock worth $1,363,000 after acquiring an additional 230 shares during the period. 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.