Mutual Advisors LLC Sells 993 Shares of Copart, Inc. (NASDAQ:CPRT)

Mutual Advisors LLC cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,316 shares of the business services provider’s stock after selling 993 shares during the quarter. Mutual Advisors LLC’s holdings in Copart were worth $1,033,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CPRT. Kieckhefer Group LLC purchased a new stake in shares of Copart during the fourth quarter valued at $3,962,000. Sanctuary Advisors LLC grew its stake in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after acquiring an additional 9,222 shares during the period. Geode Capital Management LLC raised its holdings in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. lifted its position in Copart by 17.7% during the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after purchasing an additional 13,554 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Copart during the third quarter valued at approximately $1,206,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 research note on Tuesday, November 19th.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock worth $39,199,813 in the last three months. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Up 0.2 %

Copart stock opened at $57.70 on Friday. Copart, Inc. has a 52-week low of $47.73 and a 52-week high of $64.38. The company has a market cap of $55.60 billion, a P/E ratio of 40.63 and a beta of 1.33. The business has a 50-day simple moving average of $59.10 and a two-hundred day simple moving average of $54.82.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal 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.