Copart, Inc. (NASDAQ:CPRT) Shares Sold by Empirical Finance LLC

Empirical Finance LLC trimmed its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,495 shares of the business services provider’s stock after selling 326 shares during the quarter. Empirical Finance LLC’s holdings in Copart were worth $1,635,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Copart by 12.8% in the 3rd quarter. CWM LLC now owns 34,111 shares of the business services provider’s stock valued at $1,787,000 after buying an additional 3,869 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Copart by 209.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,234 shares of the business services provider’s stock worth $327,000 after purchasing an additional 4,219 shares during the last quarter. Lion Street Advisors LLC acquired a new stake in shares of Copart during the third quarter worth about $234,000. Inspire Investing LLC lifted its holdings in shares of Copart by 4.2% in the 3rd quarter. Inspire Investing LLC now owns 22,601 shares of the business services provider’s stock valued at $1,184,000 after purchasing an additional 921 shares during the last quarter. Finally, Procyon Advisors LLC boosted its position in shares of Copart by 1.5% in the 3rd quarter. Procyon Advisors LLC now owns 44,149 shares of the business services provider’s stock valued at $2,313,000 after purchasing an additional 636 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Performance

Shares of Copart stock opened at $58.21 on Monday. The company has a market capitalization of $56.09 billion, a P/E ratio of 40.99 and a beta of 1.33. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company’s fifty day moving average is $58.59 and its two-hundred day moving average is $55.17.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) 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 firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. The trade was a 91.39 % decrease in their position. 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 firm’s stock in a transaction 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 sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock worth $39,199,813 over the last 90 days. 9.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.