Investors sold shares of Copart, Inc. (NASDAQ:CPRT) on strength during trading on Thursday after an insider sold shares in the company. $9.21 million flowed into the stock on the tick-up and $68.85 million flowed out of the stock on the tick-down, for a money net flow of $59.64 million out of the stock. Of all equities tracked, Copart had the 28th highest net out-flow for the day. Copart traded up $0.38 for the day and closed at $58.08Specifically, Director Thomas N. Tryforos sold 140,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $57.51, for a total value of $8,051,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William E. Franklin sold 100,000 shares of the business’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $57.52, for a total value of $5,752,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 440,000 shares of company stock valued at $25,297,400 in the last quarter. 16.40% of the stock is currently owned by insiders.

A number of analysts have recently commented on the company. Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday, May 25th. Zacks Investment Research downgraded Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. Barrington Research reissued a “hold” rating on shares of Copart in a research note on Monday, May 28th. BidaskClub downgraded Copart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 23rd. Finally, Guggenheim assumed coverage on Copart in a research note on Tuesday, April 17th. They issued a “buy” rating and a $58.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.63.

The stock has a market capitalization of $13.37 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The company has a quick ratio of 2.27, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, May 23rd. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $478.20 million for the quarter, compared to analyst estimates of $434.74 million. Copart had a return on equity of 31.21% and a net margin of 21.81%. During the same period in the previous year, the firm earned $0.38 earnings per share. equities research analysts predict that Copart, Inc. will post 1.79 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Copart by 4.7% during the first quarter. BlackRock Inc. now owns 17,080,908 shares of the business services provider’s stock worth $869,932,000 after purchasing an additional 760,714 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Copart by 8.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,778,042 shares of the business services provider’s stock worth $447,066,000 after purchasing an additional 689,731 shares during the period. Alliancebernstein L.P. raised its position in shares of Copart by 2.1% during the fourth quarter. Alliancebernstein L.P. now owns 6,985,582 shares of the business services provider’s stock worth $301,707,000 after purchasing an additional 142,202 shares during the period. Wells Fargo & Company MN raised its position in shares of Copart by 0.5% during the first quarter. Wells Fargo & Company MN now owns 2,800,432 shares of the business services provider’s stock worth $142,625,000 after purchasing an additional 13,378 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Copart by 2.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,818,956 shares of the business services provider’s stock worth $78,561,000 after purchasing an additional 39,557 shares during the period. 80.83% of the stock is currently owned by institutional investors.

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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

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