Copart, Inc. (NASDAQ:CPRT) is Weybosset Research & Management LLC's Largest Position

Weybosset Research & Management LLC cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 633,789 shares of the business services provider's stock after selling 10,005 shares during the quarter. Copart makes up approximately 12.4% of Weybosset Research & Management LLC's portfolio, making the stock its largest holding. Weybosset Research & Management LLC owned 0.07% of Copart worth $36,373,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cadence Bank increased its position in shares of Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after buying an additional 178 shares during the period. Duncan Williams Asset Management LLC increased its position 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 period. Covestor Ltd increased its position in shares of Copart by 5.1% during the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider's stock valued at $225,000 after buying an additional 209 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Copart by 0.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider's stock valued at $1,447,000 after buying an additional 213 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Copart by 0.9% during the third quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider's stock valued at $1,363,000 after buying an additional 230 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the 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 directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the transaction, the director now owns 7,850 shares in the company, valued at $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 over the last ninety days. Insiders own 9.68% of the company's stock.

Copart Stock Down 2.0 %

Shares of CPRT stock traded down $1.14 during trading on Friday, hitting $55.64. The company had a trading volume of 4,060,081 shares, compared to its average volume of 3,857,997. The stock's 50-day moving average is $58.81 and its two-hundred day moving average is $54.64. The stock has a market capitalization of $53.61 billion, a price-to-earnings ratio of 39.18 and a beta of 1.33. Copart, Inc. has a 52 week low of $47.19 and a 52 week 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, hitting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the prior year, the business earned $0.34 earnings per share. Copart's revenue for the quarter was up 12.4% compared to the same quarter last year. On average, research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.