Blue Trust Inc. Decreases Position in Copart, Inc. (NASDAQ:CPRT)

Blue Trust Inc. trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 80.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,335 shares of the business services provider’s stock after selling 5,379 shares during the quarter. Blue Trust Inc.’s holdings in Copart were worth $77,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kieckhefer Group LLC acquired a new position in shares of Copart in the fourth quarter worth $3,962,000. Sanctuary Advisors LLC raised its holdings in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after acquiring an additional 9,222 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Copart by 1.6% in the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after acquiring an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. raised its holdings in shares of Copart by 17.7% in the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after acquiring an additional 13,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Copart in the third quarter worth $1,206,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

In other news, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction dated 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 sale, the director now owns 7,850 shares of the company’s stock, valued at $485,601. This represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company’s stock.

Copart Trading Down 2.8 %

CPRT stock opened at $56.61 on Monday. The stock has a 50-day moving average price of $57.97 and a two-hundred day moving average price of $55.73. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a market cap of $54.55 billion, a PE ratio of 38.00 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

Copart 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.