K.J. Harrison & Partners Inc Sells 1,060 Shares of Copart, Inc. (NASDAQ:CPRT)

K.J. Harrison & Partners Inc trimmed its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 59,700 shares of the business services provider’s stock after selling 1,060 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Copart were worth $3,362,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Quarry LP purchased a new stake in Copart in the third quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart in the 3rd quarter worth approximately $33,000. True Wealth Design LLC grew its stake in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares during the last quarter. Continuum Advisory LLC increased its position in 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 in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Copart during the fourth quarter valued at $54,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

Shares of Copart stock opened at $56.27 on Thursday. The company has a 50-day simple moving average of $57.75 and a two-hundred day simple moving average of $55.82. The stock has a market capitalization of $54.22 billion, a PE ratio of 37.77 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 announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were 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 in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock worth $23,161,540 over the last quarter. 9.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased 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.

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.