Copart, Inc. (NASDAQ:CPRT - Get Free Report) Chairman A Jayson Adair sold 251,423 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Copart Stock Down 0.2 %
Shares of Copart stock opened at $63.39 on Friday. The company has a market capitalization of $61.08 billion, a price-to-earnings ratio of 44.64 and a beta of 1.27. The stock's 50-day simple moving average is $54.82 and its 200-day simple moving average is $53.44. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $64.38.
Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.
Institutional Trading of Copart
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Several hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. grew its holdings in Copart by 17.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 26,291 shares of the business services provider's stock valued at $1,523,000 after buying an additional 3,843 shares in the last quarter. Virtu Financial LLC bought a new stake in Copart in the first quarter worth $405,000. Atria Investments Inc raised its stake in Copart by 6.6% during the first quarter. Atria Investments Inc now owns 97,044 shares of the business services provider's stock valued at $5,621,000 after purchasing an additional 6,026 shares in the last quarter. Cetera Investment Advisers lifted its position in Copart by 162.9% during the first quarter. Cetera Investment Advisers now owns 184,417 shares of the business services provider's stock valued at $10,681,000 after purchasing an additional 114,263 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of Copart by 72.0% in the 1st quarter. Cetera Advisors LLC now owns 35,767 shares of the business services provider's stock worth $2,072,000 after buying an additional 14,971 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Robert W. Baird lowered their target price on Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Thursday, September 5th.
Check Out Our Latest Analysis on CPRT
Copart Company Profile
(
Get Free Report)
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.
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