Insider Selling: Copart, Inc. (NASDAQ:CPRT) Director Sells 100,000 Shares of Stock

Copart, Inc. (NASDAQ:CPRT - Get Free Report) Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Copart Trading Up 1.0 %

CPRT traded up $0.53 on Tuesday, hitting $55.59. 3,636,847 shares of the stock traded hands, compared to its average volume of 4,015,652. The business has a fifty day moving average price of $56.42 and a two-hundred day moving average price of $56.07. The firm has a market capitalization of $53.71 billion, a PE ratio of 37.31 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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Analysts Set New Price Targets

Separately, Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

Institutional Trading of Copart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. boosted its holdings in Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service boosted its stake in Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock valued at $89,417,000 after buying an additional 48,334 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Copart in the fourth quarter valued at $3,962,000. Sanctuary Advisors LLC grew its position in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock valued at $2,765,000 after acquiring an additional 9,222 shares during the period. Finally, Cobblestone Capital Advisors LLC NY raised its stake in Copart by 47.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock worth $22,565,000 after acquiring an additional 126,436 shares in the last quarter. Institutional investors own 85.78% of the company's stock.

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.