Sustainable Insight Capital Management LLC Sells 14,575 Shares of Copart, Inc. (NASDAQ:CPRT)

Sustainable Insight Capital Management LLC lowered its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 21.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 54,973 shares of the business services provider’s stock after selling 14,575 shares during the period. Copart makes up about 1.4% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Sustainable Insight Capital Management LLC’s holdings in Copart were worth $3,155,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Avior Wealth Management LLC boosted its position in Copart by 48.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 421 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Copart by 6.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 397,623 shares of the business services provider’s stock worth $22,820,000 after buying an additional 24,191 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Copart by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 104,015 shares of the business services provider’s stock worth $5,969,000 after buying an additional 17,561 shares during the period. Park Place Capital Corp boosted its stake in Copart by 23.8% during the fourth quarter. Park Place Capital Corp now owns 26,074 shares of the business services provider’s stock worth $1,496,000 after acquiring an additional 5,006 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Copart by 156.3% during the fourth quarter. Simon Quick Advisors LLC now owns 52,538 shares of the business services provider’s stock valued at $3,015,000 after purchasing an additional 32,038 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 650,213 shares of company stock worth $39,199,813. Insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

Shares of CPRT opened at $57.61 on Friday. The firm has a market capitalization of $55.51 billion, a P/E ratio of 40.57 and a beta of 1.33. Copart, Inc. has a 52 week low of $47.73 and a 52 week high of $64.38. The stock has a 50 day moving average price of $59.08 and a two-hundred day moving average price of $54.80.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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 return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $0.34 EPS. The business’s revenue was up 12.4% on a year-over-year basis. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

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.