Copart, Inc. (NASDAQ:CPRT) CEO A Jayson Adair sold 179,461 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $74.54, for a total value of $13,377,022.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A Jayson Adair also recently made the following trade(s):

  • On Friday, June 14th, A Jayson Adair sold 43,997 shares of Copart stock. The stock was sold at an average price of $74.72, for a total value of $3,287,455.84.

NASDAQ:CPRT opened at $73.38 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.99 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average price is $70.78. Copart, Inc. has a 52 week low of $44.61 and a 52 week high of $75.50. The company has a market cap of $16.81 billion, a P/E ratio of 42.42, a PEG ratio of 1.67 and a beta of 0.87.

Copart (NASDAQ:CPRT) last released its earnings results on Wednesday, May 22nd. The business services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The company had revenue of $553.12 million for the quarter, compared to the consensus estimate of $535.62 million. Copart had a return on equity of 31.33% and a net margin of 28.12%. Copart’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Analysts anticipate that Copart, Inc. will post 2.21 earnings per share for the current fiscal year.

A number of research analysts have commented on CPRT shares. Guggenheim downgraded Copart from a “buy” rating to a “neutral” rating and set a $67.07 target price on the stock. in a report on Friday, May 17th. ValuEngine downgraded Copart from a “buy” rating to a “hold” rating in a report on Sunday, March 3rd. Zacks Investment Research downgraded Copart from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. SunTrust Banks increased their target price on Copart to $67.00 and gave the stock a “buy” rating in a report on Tuesday, February 26th. Finally, BidaskClub downgraded Copart from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.77.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. lifted its holdings in shares of Copart by 120.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock worth $25,000 after purchasing an additional 283 shares during the last quarter. Doyle Wealth Management bought a new stake in shares of Copart in the 4th quarter worth approximately $29,000. Icon Wealth Partners LLC bought a new stake in shares of Copart in the 1st quarter worth approximately $34,000. Meridian Wealth Management LLC bought a new stake in shares of Copart in the 1st quarter worth approximately $40,000. Finally, Lindbrook Capital LLC bought a new stake in shares of Copart in the 4th quarter worth approximately $41,000. 83.55% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.