Copart, Inc. (NASDAQ:CPRT) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 83.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,372 shares of the business services provider’s stock after selling 732,257 shares during the period. Captrust Financial Advisors’ holdings in Copart were worth $7,775,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board raised its stake in shares of Copart by 12.9% during the third quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 4,500 shares in the last quarter. Financial Counselors Inc. increased its stake in shares of Copart by 4.1% during the third quarter. Financial Counselors Inc. now owns 146,570 shares of the business services provider’s stock valued at $7,680,000 after acquiring an additional 5,769 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Copart by 13.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 188,277 shares of the business services provider’s stock worth $9,866,000 after purchasing an additional 22,592 shares in the last quarter. FORA Capital LLC acquired a new stake in Copart in the third quarter worth approximately $1,352,000. Finally, CreativeOne Wealth LLC boosted its stake in Copart by 106.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,605 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 4,951 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman A Jayson Adair sold 251,423 shares of the company’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 value of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $62.02 on Tuesday. The company has a market capitalization of $59.76 billion, a PE ratio of 44.64 and a beta of 1.27. The stock has a fifty day moving average of $55.06 and a 200-day moving average of $53.49. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Robert W. Baird cut their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

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.