Victory Capital Management Inc. Has $45.03 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Victory Capital Management Inc. reduced its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 784,644 shares of the business services provider's stock after selling 10,046 shares during the period. Victory Capital Management Inc. owned 0.08% of Copart worth $45,031,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CPRT. Quarry LP acquired a new position in Copart during the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart during the 3rd quarter worth approximately $33,000. True Wealth Design LLC boosted its holdings in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after buying an additional 608 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after buying an additional 452 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Copart during the fourth quarter worth $54,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 315,480 shares of company stock valued at $18,007,983 in the last three months. 9.68% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

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

Copart Trading Down 0.4 %

Shares of CPRT traded down $0.24 during mid-day trading on Tuesday, reaching $52.58. The company's stock had a trading volume of 611,547 shares, compared to its average volume of 4,083,513. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business has a 50-day simple moving average of $57.05 and a two-hundred day simple moving average of $56.01. The stock has a market cap of $50.80 billion, a P/E ratio of 35.29 and a beta of 1.30.

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