Copart, Inc. (NASDAQ:CPRT) Shares Sold by Rockland Trust Co.

Rockland Trust Co. cut its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 262,561 shares of the business services provider’s stock after selling 10,802 shares during the period. Rockland Trust Co.’s holdings in Copart were worth $15,068,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPRT. Fifth Third Wealth Advisors LLC boosted its stake in shares of Copart by 2.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after buying an additional 208 shares during the last quarter. Wallace Advisory Group LLC lifted its position in Copart by 16.3% in the 4th quarter. Wallace Advisory Group LLC now owns 10,572 shares of the business services provider’s stock valued at $554,000 after purchasing an additional 1,480 shares during the last quarter. Signal Advisors Wealth LLC increased its position in Copart by 42.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 54,055 shares of the business services provider’s stock valued at $3,102,000 after acquiring an additional 15,993 shares during the period. Unique Wealth LLC grew its position in Copart by 43.9% in the 4th quarter. Unique Wealth LLC now owns 5,858 shares of the business services provider’s stock valued at $336,000 after buying an additional 1,788 shares in the last quarter. Finally, Eastern Bank lifted its position in Copart by 115.1% in the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock worth $69,000 after purchasing an additional 640 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Trading Up 1.1 %

NASDAQ CPRT opened at $56.22 on Wednesday. Copart, Inc. has a 1 year low of $47.31 and a 1 year high of $64.38. The company has a fifty day simple moving average of $58.96 and a 200 day simple moving average of $54.65. The company has a market cap of $54.17 billion, a P/E ratio of 39.59 and a beta of 1.33.

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

Insider Buying and Selling

In other news, Chairman A Jayson Adair sold 251,423 shares of the firm’s 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 completion of the sale, the chairman now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % 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 in the last 90 days. 9.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a 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.