Copart, Inc. (NASDAQ:CPRT) Chairman A Jayson Adair Sells 251,423 Shares

Copart, Inc. (NASDAQ:CPRT) Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now 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 legal filing with the SEC, which can be accessed through the SEC website.

Copart Trading Up 0.0 %

Shares of NASDAQ:CPRT traded up $0.01 on Friday, hitting $63.52. The company had a trading volume of 1,162,761 shares, compared to its average volume of 4,464,005. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $64.38. The stock has a market cap of $61.20 billion, a price-to-earnings ratio of 44.83 and a beta of 1.27. The stock has a 50 day moving average price of $54.82 and a 200 day moving average price of $53.44.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Copart

Several institutional investors and hedge funds have recently bought and sold shares of CPRT. B. Riley Wealth Advisors Inc. lifted its position in Copart by 17.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 26,291 shares of the business services provider’s stock worth $1,523,000 after purchasing an additional 3,843 shares during the period. Virtu Financial LLC acquired a new position in Copart during the first quarter worth about $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 worth $5,621,000 after acquiring an additional 6,026 shares in the last quarter. Cetera Investment Advisers raised its stake in Copart by 162.9% during the first quarter. Cetera Investment Advisers now owns 184,417 shares of the business services provider’s stock worth $10,681,000 after acquiring an additional 114,263 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in Copart by 72.0% during the first quarter. Cetera Advisors LLC now owns 35,767 shares of the business services provider’s stock worth $2,072,000 after acquiring an additional 14,971 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

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.