Insider Selling: Copart, Inc. (NASDAQ:CPRT) Director Sells 50,000 Shares of Stock

Copart, Inc. (NASDAQ:CPRT) Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Copart Trading Up 1.0 %

NASDAQ:CPRT opened at $56.78 on Thursday. Copart, Inc. has a 12 month low of $46.82 and a 12 month high of $64.38. The firm’s 50 day moving average is $58.71 and its 200 day moving average is $54.63. The stock has a market capitalization of $54.71 billion, a PE ratio of 39.99 and a beta of 1.33.

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target 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 have recently added to or reduced their stakes in the business. Optimum Investment Advisors increased its stake in shares of Copart by 141.5% in the third 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 position in Copart in the 3rd quarter valued at approximately $29,000. Quarry LP bought a new stake in Copart during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. lifted its position in shares of Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Copart during the third quarter worth $33,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

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.