Los Angeles Capital Management LLC Sells 13,763 Shares of Copart, Inc. (NASDAQ:CPRT)

Los Angeles Capital Management LLC lessened its stake in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 336,431 shares of the business services provider’s stock after selling 13,763 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Copart were worth $19,486,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CPRT. Duncan Williams Asset Management LLC acquired a new position in shares of Copart during the first quarter worth approximately $805,000. Kapitalo Investimentos Ltda lifted its stake in Copart by 341.5% during the fourth quarter. Kapitalo Investimentos Ltda now owns 6,666 shares of the business services provider’s stock worth $327,000 after purchasing an additional 5,156 shares during the period. Nomura Holdings Inc. boosted its holdings in Copart by 148.0% during the fourth quarter. Nomura Holdings Inc. now owns 17,612 shares of the business services provider’s stock valued at $863,000 after purchasing an additional 10,511 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Copart in the 4th quarter valued at approximately $495,000. Finally, Trust Co. of Vermont acquired a new position in shares of Copart in the 4th quarter worth approximately $38,000. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Copart stock traded up $0.51 on Wednesday, reaching $54.86. The company’s stock had a trading volume of 3,251,462 shares, compared to its average volume of 3,673,766. The business’s fifty day moving average price is $54.27 and its 200 day moving average price is $52.29. The company has a market cap of $52.79 billion, a price-to-earnings ratio of 38.63 and a beta of 1.26. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRTGet Free Report) last posted its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company posted $0.36 EPS. Copart’s revenue was up 10.3% on a year-over-year basis. As a group, equities analysts forecast that Copart, Inc. will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

CPRT has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. StockNews.com cut shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Copart has a consensus rating of “Hold” and a consensus price target of $51.00.

Check Out Our Latest Report on Copart

Insider Activity

In related news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the sale, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.23% of the company’s stock.

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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