Copart, Inc. (NASDAQ:CPRT) Shares Sold by Centiva Capital LP

Centiva Capital LP cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 63.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,886 shares of the business services provider’s stock after selling 60,076 shares during the quarter. Centiva Capital LP’s holdings in Copart were worth $1,828,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Optimum Investment Advisors grew its stake in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank purchased a new stake in shares of Copart during the 3rd quarter worth $29,000. Crewe Advisors LLC increased its holdings in Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after buying an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Copart during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.4 %

Shares of NASDAQ CPRT opened at $62.24 on Wednesday. The stock has a market cap of $59.97 billion, a P/E ratio of 43.83 and a beta of 1.31. The stock has a 50 day moving average of $55.26 and a two-hundred day moving average of $53.54. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $0.34 earnings per share. Copart’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CPRT. Robert W. Baird cut their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. 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 report on Tuesday, November 19th.

Insider Buying and Selling at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.68% of the stock is owned by company insiders.

Copart 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.