Captrust Financial Advisors Sells 732,257 Shares of Copart, Inc. (NASDAQ:CPRT)

Captrust Financial Advisors decreased its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 83.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,372 shares of the business services provider's stock after selling 732,257 shares during the quarter. Captrust Financial Advisors' holdings in Copart were worth $7,775,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cetera Investment Advisers grew its holdings in shares of Copart by 162.9% during the first quarter. Cetera Investment Advisers now owns 184,417 shares of the business services provider's stock worth $10,681,000 after purchasing an additional 114,263 shares during the last quarter. Cetera Advisors LLC boosted its position in Copart by 72.0% in the 1st quarter. Cetera Advisors LLC now owns 35,767 shares of the business services provider's stock valued at $2,072,000 after buying an additional 14,971 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Copart by 20.2% during the first quarter. EverSource Wealth Advisors LLC now owns 2,368 shares of the business services provider's stock worth $129,000 after acquiring an additional 398 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock valued at $32,000 after acquiring an additional 492 shares during the last quarter. Finally, Mather Group LLC. increased its position in Copart by 5.8% in the second quarter. Mather Group LLC. now owns 10,141 shares of the business services provider's stock worth $587,000 after purchasing an additional 560 shares during the period. Institutional investors own 85.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CPRT shares. JPMorgan Chase & Co. lifted their price target 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. Robert W. Baird decreased their target price on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, September 5th.

Insider Activity at Copart

In related 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 value of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.68% of the stock is owned by insiders.

Copart Trading Up 0.4 %

Shares of CPRT traded up $0.22 during midday trading on Tuesday, reaching $62.24. The stock had a trading volume of 4,295,261 shares, compared to its average volume of 4,470,929. The firm has a 50 day simple moving average of $55.26 and a 200-day simple moving average of $53.54. The firm has a market cap of $59.97 billion, a PE ratio of 43.83 and a beta of 1.31. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal 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.