Yousif Capital Management LLC Has $6.23 Million Position in Copart, Inc. (NASDAQ:CPRT)

Yousif Capital Management LLC cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 16.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 108,623 shares of the business services provider’s stock after selling 21,793 shares during the quarter. Yousif Capital Management LLC’s holdings in Copart were worth $6,234,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Optimum Investment Advisors increased its position in shares of Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Eastern Bank acquired a new stake in shares of Copart in the 3rd quarter valued at about $29,000. Quarry LP bought a new stake in shares of Copart in the third quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Copart during the third quarter worth about $33,000. Finally, True Wealth Design LLC raised its position in Copart by 1,737.1% in 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. 85.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Copart Stock Performance

CPRT opened at $59.19 on Friday. The business’s 50-day simple moving average is $58.69 and its 200 day simple moving average is $55.09. The firm has a market capitalization of $57.03 billion, a PE ratio of 41.68 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 earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction 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 trade represents a 91.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by company insiders.

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.