Steven D. Cohan Sells 5,003 Shares of Copart, Inc. (NASDAQ:CPRT) Stock

Copart, Inc. (NASDAQ:CPRT - Get Free Report) Director Steven D. Cohan sold 5,003 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Steven D. Cohan also recently made the following trade(s):

• On Monday, April 14th, Steven D. Cohan sold 94,997 shares of Copart stock. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97.

Copart Trading Up 0.4 %

CPRT traded up $0.24 on Friday, reaching $59.68. The company had a trading volume of 7,558,703 shares, compared to its average volume of 4,421,927. The company has a market capitalization of $57.66 billion, a P/E ratio of 40.05 and a beta of 1.22. The company has a fifty day moving average of $56.22 and a 200-day moving average of $56.87. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

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

Hedge Funds Weigh In On Copart

A number of hedge funds have recently modified their holdings of CPRT. Sandy Spring Bank increased its position in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Copart during the fourth quarter valued at approximately $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Copart during the fourth quarter valued at approximately $45,000. Versant Capital Management Inc lifted its stake in Copart by 1,567.9% in the first quarter. Versant Capital Management Inc now owns 884 shares of the business services provider's stock valued at $50,000 after acquiring an additional 831 shares during the last quarter. Finally, Curio Wealth LLC bought a new stake in Copart in the fourth quarter worth approximately $52,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.