Aviso Financial Inc. Cuts Position in Copart, Inc. (NASDAQ:CPRT)

Aviso Financial Inc. decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,231 shares of the business services provider’s stock after selling 453 shares during the period. Aviso Financial Inc.’s holdings in Copart were worth $2,883,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CPRT. Quarry LP purchased a new position in shares of Copart during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new stake in Copart in the third quarter valued at approximately $33,000. True Wealth Design LLC grew its holdings in Copart by 1,737.1% in the 3rd 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. Retirement Wealth Solutions LLC purchased a new position in Copart during the 4th quarter valued at about $54,000. Finally, Continuum Advisory LLC increased its stake in shares of Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $52.30 on Friday. The company has a 50-day simple moving average of $56.87 and a two-hundred day simple moving average of $55.99. The stock has a market capitalization of $50.53 billion, a PE ratio of 35.10 and a beta of 1.30. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data 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. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 315,480 shares of company stock valued at $18,007,983 over the last ninety days. 9.68% of the stock is currently 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.