Copart, Inc. (NASDAQ:CPRT) Director Matt Blunt Sells 50,000 Shares

Copart, Inc. (NASDAQ:CPRT) Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Copart Stock Down 0.6 %

NASDAQ CPRT traded down $0.33 on Monday, reaching $56.58. The company had a trading volume of 3,130,412 shares, compared to its average volume of 3,923,364. The stock has a market capitalization of $54.52 billion, a P/E ratio of 39.85 and a beta of 1.33. The company’s fifty day moving average is $58.44 and its 200 day moving average is $54.58. Copart, Inc. has a 52-week low of $46.49 and a 52-week high of $64.38.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Copart

A number of hedge funds and other institutional investors have recently modified their holdings of CPRT. Principal Financial Group Inc. increased its stake in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares during the period. State Street Corp grew its holdings in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after acquiring an additional 120,939 shares during the last quarter. Edgewood Management LLC increased its position in shares of Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock valued at $1,077,119,000 after acquiring an additional 125,220 shares during the period. Geode Capital Management LLC raised its stake in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after acquiring an additional 291,580 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Copart by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock worth $427,807,000 after purchasing an additional 30,454 shares during the period. Institutional investors own 85.78% of the company’s stock.

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.