Quantum Capital Management LLC NJ Decreases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Quantum Capital Management LLC NJ lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,439,247 shares of the business services provider’s stock after selling 44,071 shares during the period. Copart makes up 8.3% of Quantum Capital Management LLC NJ’s holdings, making the stock its 2nd biggest holding. Quantum Capital Management LLC NJ owned 0.15% of Copart worth $70,523,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CPRT. Manchester Capital Management LLC boosted its stake in Copart by 101.0% in the third 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 in the last quarter. Bell Investment Advisors Inc boosted its stake in 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 buying an additional 323 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Copart in the fourth quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Copart in the fourth quarter valued at about $40,000. Finally, Cornerstone Planning Group LLC boosted its stake in Copart by 98.5% in the third quarter. Cornerstone Planning Group LLC now owns 818 shares of the business services provider’s stock valued at $35,000 after buying an additional 406 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.00.

Insiders Place Their Bets

In other Copart news, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Thomas N. Tryforos sold 285,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 100,000 shares of the business’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. Over the last three months, insiders sold 985,000 shares of company stock worth $55,519,950. 10.23% of the stock is owned by corporate insiders.

Copart Stock Up 0.9 %

Shares of CPRT stock traded up $0.50 during mid-day trading on Friday, reaching $54.02. 2,632,294 shares of the stock traded hands, compared to its average volume of 3,864,753. The stock’s fifty day simple moving average is $55.50 and its two-hundred day simple moving average is $51.84. The company has a market cap of $51.94 billion, a price-to-earnings ratio of 38.04 and a beta of 1.22. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Copart had a return on equity of 20.80% and a net margin of 33.33%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, equities research analysts anticipate that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Copart Company Profile

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.