Copart, Inc. (NASDAQ:CPRT) Shares Sold by HMS Capital Management LLC

HMS Capital Management LLC reduced its position in Copart, Inc. (NASDAQ:CPRT) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,585 shares of the business services provider’s stock after selling 186 shares during the quarter. HMS Capital Management LLC’s holdings in Copart were worth $1,640,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Optimum Investment Advisors lifted its position in 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 during the period. Eastern Bank purchased a new stake in shares of Copart in the third quarter valued at $29,000. Quarry LP acquired a new position in shares of Copart in the third quarter worth $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart in the third quarter worth $33,000. Finally, True Wealth Design LLC increased 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 acquiring an additional 608 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Trading Down 0.4 %

NASDAQ CPRT opened at $59.02 on Thursday. The firm has a market cap of $56.87 billion, a price-to-earnings ratio of 41.56 and a beta of 1.33. The company has a 50 day moving average of $58.38 and a 200-day moving average of $55.32. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by corporate insiders.

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.