Xponance Inc. Has $10.24 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Xponance Inc. reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,056 shares of the business services provider’s stock after selling 64,660 shares during the quarter. Xponance Inc.’s holdings in Copart were worth $10,244,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Veritable L.P. boosted its stake in shares of Copart by 0.9% in the 1st quarter. Veritable L.P. now owns 15,198 shares of the business services provider’s stock valued at $1,143,000 after purchasing an additional 136 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Copart by 0.3% in the 3rd quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock valued at $7,560,000 after purchasing an additional 189 shares during the last quarter. Hollencrest Capital Management boosted its stake in shares of Copart by 92.1% in the 1st quarter. Hollencrest Capital Management now owns 438 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Copart by 3.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,640 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 213 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of Copart by 2.6% in the 1st quarter. Simon Quick Advisors LLC now owns 9,286 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 238 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.00.

Copart Trading Up 0.6 %

Shares of NASDAQ CPRT traded up $0.32 during midday trading on Friday, reaching $53.52. The company’s stock had a trading volume of 535,407 shares, compared to its average volume of 4,569,628. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58. The stock has a market capitalization of $51.46 billion, a price-to-earnings ratio of 38.27 and a beta of 1.22. The stock has a 50 day simple moving average of $54.31 and a 200-day simple moving average of $49.98.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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). Copart had a net margin of 33.41% and a return on equity of 21.55%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $0.31 earnings per share. Copart’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Copart, Inc. will post 1.42 EPS for the current year.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now owns 35,000 shares in the company, valued at $1,934,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 985,000 shares of company stock worth $55,519,950. Company insiders own 10.23% of the company’s stock.

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.