D.B. Root & Company LLC Sells 237 Shares of Copart, Inc. (NASDAQ:CPRT)

D.B. Root & Company LLC lessened its stake in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,179 shares of the business services provider’s stock after selling 237 shares during the period. D.B. Root & Company LLC’s holdings in Copart were worth $527,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kieckhefer Group LLC bought a new stake in shares of Copart in the 4th quarter valued at about $3,962,000. Sanctuary Advisors LLC raised its stake in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 worth $979,547,000 after buying an additional 291,580 shares during the period. Kinsale Capital Group Inc. boosted its position in Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after acquiring an additional 13,554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Copart in the 2nd quarter valued at $5,418,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity

In related news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the 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. Insiders sold 650,213 shares of company stock worth $39,199,813 over the last three months. 9.68% of the stock is currently owned by corporate insiders.

Copart Stock Performance

NASDAQ CPRT opened at $57.66 on Thursday. The firm has a market capitalization of $55.56 billion, a P/E ratio of 40.61 and a beta of 1.33. The stock has a 50-day simple moving average of $59.08 and a two-hundred day simple moving average of $54.78. Copart, Inc. has a fifty-two week low of $47.73 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRTGet Free Report) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate 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 period in the previous year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, 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 company a “neutral” rating in a research report on Tuesday, November 19th.

Check Out Our Latest Stock Report on CPRT

Copart Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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