Copart, Inc. (NASDAQ:CPRT) Shares Sold by Intrust Bank NA

Intrust Bank NA cut its position in Copart, Inc. (NASDAQ:CPRT) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,214 shares of the business services provider’s stock after selling 2,064 shares during the quarter. Intrust Bank NA’s holdings in Copart were worth $1,235,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CPRT. OFI Invest Asset Management acquired a new stake in shares of Copart in the 3rd quarter worth $25,000. Manchester Capital Management LLC raised its position in Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock worth $27,000 after acquiring an additional 314 shares during the last quarter. Bell Investment Advisors Inc grew its position in shares of Copart by 87.1% in the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 323 shares during the last quarter. Annapolis Financial Services LLC raised its position in shares of Copart by 100.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after purchasing an additional 360 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new position in shares of Copart in the fourth quarter worth $34,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CPRT shares. JPMorgan Chase & Co. lifted their price objective on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.00.

Copart Stock Down 0.5 %

Shares of CPRT traded down $0.26 during mid-day trading on Tuesday, hitting $55.45. The company had a trading volume of 194,905 shares, compared to its average volume of 4,504,242. Copart, Inc. has a 1-year low of $38.83 and a 1-year high of $58.58. The business’s 50-day simple moving average is $55.00 and its 200-day simple moving average is $50.55. The stock has a market cap of $53.32 billion, a PE ratio of 40.08 and a beta of 1.22.

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

Insider Transactions at Copart

In other news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the sale, the chairman now directly owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction that occurred on 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. Insiders sold 985,000 shares of company stock valued at $55,519,950 over the last 90 days. Corporate 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.