DDD Partners LLC Lowers Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

DDD Partners LLC reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,640 shares of the business services provider’s stock after selling 1,040 shares during the period. DDD Partners LLC’s holdings in Copart were worth $521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPRT. OFI Invest Asset Management bought a new stake in shares of Copart in the 3rd quarter worth about $25,000. Manchester Capital Management LLC boosted its position in Copart by 101.0% in the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after buying an additional 314 shares during the period. Quarry LP purchased a new stake in Copart in the 1st quarter valued at about $29,000. Bell Investment Advisors Inc boosted its position in Copart by 87.1% in the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after buying an additional 323 shares during the period. Finally, Annapolis Financial Services LLC boosted its position in Copart by 100.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after buying an additional 360 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Up 0.0 %

NASDAQ CPRT opened at $57.24 on Thursday. The firm has a market cap of $55.04 billion, a PE ratio of 41.18 and a beta of 1.22. The company has a 50 day moving average price of $52.13 and a 200 day moving average price of $48.65. Copart, Inc. has a 52 week low of $36.30 and a 52 week high of $57.90.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. On average, equities research analysts anticipate that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. began coverage on shares of Copart in a research report on Tuesday, February 27th. They issued a “neutral” rating and a $48.00 price objective for the company. Finally, HSBC began coverage on shares of Copart in a research report on Monday, December 4th. They issued a “hold” rating and a $51.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Copart has an average rating of “Hold” and an average target price of $50.00.

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 320,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total transaction of $15,052,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Daniel J. Englander sold 320,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total value of $15,052,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders have sold 705,000 shares of company stock worth $35,910,750 over the last 90 days. 10.23% of the stock is currently owned by company insiders.

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.