Copart, Inc. (NASDAQ:CPRT) Director Sells $13,384,683.20 in Stock

Copart, Inc. (NASDAQ:CPRT - Get Free Report) Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Copart Stock Down 0.6 %

NASDAQ:CPRT traded down $0.34 during trading hours on Tuesday, reaching $56.24. The company had a trading volume of 2,662,921 shares, compared to its average volume of 3,613,880. The firm has a market capitalization of $54.19 billion, a PE ratio of 39.61 and a beta of 1.33. The stock has a 50-day moving average of $58.54 and a two-hundred day moving average of $54.60. Copart, Inc. has a one year low of $46.49 and a one year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released 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. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm's quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cadence Bank increased its position in Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after purchasing an additional 178 shares during the period. Duncan Williams Asset Management LLC grew its holdings in shares of Copart by 1.3% during the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider's stock valued at $809,000 after buying an additional 203 shares during the last quarter. Covestor Ltd raised its holdings in shares of Copart by 5.1% in 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 last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Copart by 0.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider's stock worth $1,447,000 after purchasing an additional 213 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Copart by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider's stock valued at $1,363,000 after acquiring an additional 230 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.

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