Allworth Financial LP Decreases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Allworth Financial LP cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,033 shares of the business services provider’s stock after selling 3,404 shares during the quarter. Allworth Financial LP’s holdings in Copart were worth $1,674,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Cadence Bank boosted its holdings in shares of Copart by 0.6% in the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 178 shares during the period. Everpar Advisors LLC boosted its stake in Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after buying an additional 199 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Copart by 2.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after acquiring an additional 208 shares during the last quarter. Covestor Ltd raised its stake in shares of Copart by 5.1% in the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after acquiring an additional 209 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Copart by 0.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock worth $1,447,000 after acquiring an additional 213 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Transactions at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction 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 sale, the director now owns 7,850 shares of the company’s stock, valued at approximately $485,601. This trade represents a 91.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated Monday, January 6th. The shares were 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. In the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is currently owned by corporate insiders.

Copart Price Performance

CPRT stock opened at $59.59 on Wednesday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm’s 50-day moving average is $58.20 and its 200 day moving average is $55.56. The company has a market capitalization of $57.42 billion, a PE ratio of 41.96 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business 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 company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. Sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Copart 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.