Yousif Capital Management LLC Sells 21,793 Shares of Copart, Inc. (NASDAQ:CPRT)

Yousif Capital Management LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,623 shares of the business services provider's stock after selling 21,793 shares during the quarter. Yousif Capital Management LLC's holdings in Copart were worth $6,234,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. E. Ohman J or Asset Management AB boosted its position in Copart by 1.1% during the fourth quarter. E. Ohman J or Asset Management AB now owns 45,344 shares of the business services provider's stock valued at $2,602,000 after acquiring an additional 507 shares during the last quarter. Trust Point Inc. boosted its position in Copart by 9.0% during the fourth quarter. Trust Point Inc. now owns 9,129 shares of the business services provider's stock valued at $524,000 after acquiring an additional 753 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in Copart by 1.3% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 221,850 shares of the business services provider's stock valued at $12,732,000 after acquiring an additional 2,891 shares during the last quarter. One Wealth Advisors LLC boosted its position in Copart by 3.6% during the fourth quarter. One Wealth Advisors LLC now owns 26,344 shares of the business services provider's stock valued at $1,512,000 after acquiring an additional 921 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in Copart by 2.5% during the fourth quarter. Resonant Capital Advisors LLC now owns 23,379 shares of the business services provider's stock valued at $1,342,000 after acquiring an additional 569 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the firm's stock in a transaction 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 sale, the director now owns 7,850 shares in the company, valued at approximately $485,601. This trade represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company's stock.

Copart Price Performance

Shares of Copart stock traded up $0.28 on Monday, reaching $58.49. 1,096,052 shares of the company traded hands, compared to its average volume of 3,231,421. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company has a 50 day moving average of $58.59 and a 200 day moving average of $55.17. The firm has a market capitalization of $56.36 billion, a PE ratio of 41.20 and a beta of 1.33.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share 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 net margin of 31.92% and a return on equity of 18.96%. The company's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. As a group, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current 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.