1832 Asset Management L.P. Lowers Stock Position in Copart, Inc. (NASDAQ:CPRT)

1832 Asset Management L.P. decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 23.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,364 shares of the business services provider’s stock after selling 25,144 shares during the period. 1832 Asset Management L.P.’s holdings in Copart were worth $3,938,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avantax Advisory Services Inc. acquired a new stake in shares of Copart in the 3rd quarter worth approximately $233,000. J.P. Morgan Private Wealth Advisors LLC boosted its position in shares of Copart by 98.5% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 82,760 shares of the business services provider’s stock worth $3,566,000 after buying an additional 41,074 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in Copart by 55.1% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 16,469 shares of the business services provider’s stock valued at $710,000 after acquiring an additional 5,853 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Copart by 105.3% in the third quarter. Janney Montgomery Scott LLC now owns 347,759 shares of the business services provider’s stock valued at $14,985,000 after purchasing an additional 178,396 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Copart by 91.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 12,920 shares of the business services provider’s stock worth $557,000 after purchasing an additional 6,160 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction that occurred on 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 transaction, 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 SEC, which is accessible through this hyperlink. In related news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the sale, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. 10.23% of the stock is owned by company insiders.

Copart Trading Up 0.5 %

NASDAQ CPRT opened at $53.76 on Friday. The company’s fifty day simple moving average is $54.78 and its 200-day simple moving average is $52.10. The stock has a market cap of $51.73 billion, a P/E ratio of 37.86 and a beta of 1.26. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58.

Copart (NASDAQ:CPRTGet Free Report) last released 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. Copart had a net margin of 33.33% and a return on equity of 20.80%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. On average, research analysts expect that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Analyst Ratings Changes

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

Get Our Latest Stock Report on CPRT

Copart Company Profile

(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.

Recommended Stories

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.