180 Wealth Advisors LLC Decreases Stake in Copart, Inc. (NASDAQ:CPRT)

180 Wealth Advisors LLC lowered its position in Copart, Inc. (NASDAQ:CPRT) by 9.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,917 shares of the business services provider’s stock after selling 1,699 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Copart were worth $913,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after acquiring an additional 941,858 shares during the last quarter. State Street Corp boosted its stake in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after purchasing an additional 120,939 shares during the period. Edgewood Management LLC boosted its stake in Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after purchasing an additional 125,220 shares during the period. Geode Capital Management LLC boosted its stake in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after purchasing an additional 291,580 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Copart by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock worth $427,807,000 after purchasing an additional 30,454 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 7,850 shares in the company, valued at $485,601. The trade was a 91.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 of the company’s stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by insiders.

Copart Trading Down 0.0 %

Shares of CPRT opened at $55.63 on Tuesday. The company has a market cap of $53.60 billion, a PE ratio of 39.18 and a beta of 1.33. The stock has a 50-day moving average price of $58.96 and a 200-day moving average price of $54.65. Copart, Inc. has a 12-month low of $47.31 and a 12-month high of $64.38.

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