Copart, Inc. (NASDAQ:CPRT) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,461 shares of the business services provider’s stock after selling 1,775 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Copart were worth $773,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CPRT. Optimum Investment Advisors lifted its holdings in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank purchased a new stake in Copart in the third quarter valued at approximately $29,000. Quarry LP purchased a new stake in Copart in the third quarter valued at approximately $29,000. Meeder Asset Management Inc. boosted its holdings in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Copart in the 3rd quarter valued at $33,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction that occurred 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. In the last quarter, insiders sold 650,213 shares of company stock worth $39,199,813. Company insiders own 9.68% of the company’s stock.

Copart Trading Down 0.0 %

Copart stock opened at $55.63 on Tuesday. The stock has a 50 day moving average of $58.96 and a two-hundred day moving average of $54.65. Copart, Inc. has a twelve month low of $47.31 and a twelve month high of $64.38. The stock has a market capitalization of $53.60 billion, a price-to-earnings ratio of 39.18 and a beta of 1.33.

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price objective 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.

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.