D.A. Davidson & CO. Sells 308 Shares of Copart, Inc. (NASDAQ:CPRT)

D.A. Davidson & CO. lessened its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,724 shares of the business services provider’s stock after selling 308 shares during the period. D.A. Davidson & CO.’s holdings in Copart were worth $501,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Copart during the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Copart during the 3rd quarter valued at $33,000. True Wealth Design LLC lifted its position in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Copart during the 4th quarter valued at $54,000. Finally, Continuum Advisory LLC lifted its position in shares of Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $56.77 on Wednesday. The stock’s 50-day simple moving average is $57.81 and its 200 day simple moving average is $55.82. The stock has a market capitalization of $54.70 billion, a price-to-earnings ratio of 38.10 and a beta of 1.33. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the firm’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 sale, the director now owns 7,850 shares of the company’s stock, valued at $485,601. This trade represents a 91.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 398,790 shares of company stock valued at $23,161,540 in the last 90 days. Corporate insiders own 9.68% of the company’s stock.

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.