Hantz Financial Services Inc. Reduces Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Hantz Financial Services Inc. lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 350,633 shares of the business services provider’s stock after selling 14,017 shares during the quarter. Hantz Financial Services Inc.’s holdings in Copart were worth $20,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cadence Bank raised its position in shares of Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 178 shares during the last quarter. Everpar Advisors LLC raised its holdings in shares of Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 199 shares during the last quarter. Duncan Williams Asset Management LLC lifted its position in shares of Copart by 1.3% in the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 203 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Copart by 2.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after acquiring an additional 208 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Copart by 5.1% during the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock worth $225,000 after purchasing an additional 209 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chairman now owns 14,436,557 shares in the company, 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. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 in the last quarter. Company insiders own 9.68% of the company’s stock.

Copart Trading Down 0.6 %

CPRT stock opened at $57.31 on Wednesday. The firm has a 50-day moving average of $59.14 and a two-hundred day moving average of $54.86. Copart, Inc. has a 12 month low of $47.73 and a 12 month high of $64.38. The company has a market cap of $55.22 billion, a price-to-earnings ratio of 40.36 and a beta of 1.33.

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

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.