Private Advisor Group LLC Has $1.45 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Private Advisor Group LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,198 shares of the business services provider’s stock after selling 813 shares during the period. Private Advisor Group LLC’s holdings in Copart were worth $1,446,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Copart in the third quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart in the third quarter worth approximately $33,000. True Wealth Design LLC raised its stake in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the fourth quarter worth approximately $54,000. Finally, Continuum Advisory LLC raised its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after purchasing an additional 452 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares of the company’s stock, valued at $485,601. This represents a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold a total of 398,790 shares of company stock valued at $23,161,540 over the last three months. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Stock Down 0.9 %

CPRT stock opened at $56.27 on Thursday. The firm has a market cap of $54.22 billion, a PE ratio of 37.77 and a beta of 1.33. The business has a 50 day moving average of $57.75 and a 200-day moving average of $55.82. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

About Copart

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.