GHP Investment Advisors Inc. Trims Holdings in Copart, Inc. (NASDAQ:CPRT)

GHP Investment Advisors Inc. reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,411 shares of the business services provider's stock after selling 6,500 shares during the period. GHP Investment Advisors Inc.'s holdings in Copart were worth $3,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Optimum Investment Advisors lifted its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after purchasing an additional 300 shares during the period. Eastern Bank purchased a new stake in shares of Copart during the third quarter worth about $29,000. Quarry LP purchased a new stake in Copart during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart during the 3rd quarter valued at about $33,000. Finally, True Wealth Design LLC grew its stake in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after acquiring an additional 608 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction 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 transaction, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of Copart 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 disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 in the last 90 days. Company insiders own 9.68% of the company's stock.

Wall Street Analyst Weigh In

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

Copart Price Performance

Shares of CPRT stock traded up $0.53 during trading hours on Monday, hitting $58.74. The company had a trading volume of 1,157,598 shares, compared to its average volume of 3,233,074. The company's fifty day moving average is $58.59 and its 200 day moving average is $55.17. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a market capitalization of $56.60 billion, a PE ratio of 41.25 and a beta of 1.33.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. Equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current 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.