Centiva Capital LP Sells 60,076 Shares of Copart, Inc. (NASDAQ:CPRT)

Centiva Capital LP reduced its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 63.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,886 shares of the business services provider's stock after selling 60,076 shares during the period. Centiva Capital LP's holdings in Copart were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Optimum Investment Advisors boosted its stake in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock worth $27,000 after buying an additional 300 shares during the period. Eastern Bank purchased a new position in shares of Copart during the third quarter worth approximately $29,000. Crewe Advisors LLC grew its position in shares of Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock worth $31,000 after acquiring an additional 280 shares during the last quarter. Meeder Asset Management Inc. grew its position in Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock valued at $31,000 after buying an additional 425 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Copart in the 3rd quarter valued at about $33,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of CPRT traded up $0.73 on Wednesday, reaching $62.97. 3,483,736 shares of the stock traded hands, compared to its average volume of 4,466,710. The stock's 50-day moving average price is $55.46 and its 200-day moving average price is $53.59. The firm has a market cap of $60.67 billion, a price-to-earnings ratio of 43.83 and a beta of 1.31. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 firm's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was 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 in the company, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Robert W. Baird reduced their price objective on Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th.

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.