Copart, Inc. (NASDAQ:CPRT) Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 13.1% during the 4th quarter, Holdings Channel reports. The fund owned 934,622 shares of the business services provider’s stock after selling 141,298 shares during the quarter. Nicholas Company Inc.’s holdings in Copart were worth $53,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP acquired a new stake in Copart in the third quarter valued at approximately $29,000. True Wealth Design LLC grew its holdings in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Copart in the fourth quarter valued at approximately $54,000. Continuum Advisory LLC grew its holdings in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares during the period. Finally, Eastern Bank grew its holdings in Copart by 115.1% in the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 640 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CPRT. Argus downgraded Copart from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

Copart Stock Up 0.7 %

Shares of Copart stock opened at $52.65 on Friday. The business’s fifty day simple moving average is $56.71 and its 200-day simple moving average is $55.99. The firm has a market cap of $50.86 billion, a PE ratio of 35.34 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last released 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 net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is currently owned by corporate insiders.

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.