Copart, Inc. (NASDAQ:CPRT) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its stake in Copart, Inc. (NASDAQ:CPRT) by 30.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 450,733 shares of the business services provider’s stock after selling 201,792 shares during the quarter. Prudential Financial Inc.’s holdings in Copart were worth $25,868,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Mn Services Vermogensbeheer B.V. increased its position in Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after purchasing an additional 8,300 shares during the last quarter. National Pension Service grew its stake in shares of Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after buying an additional 48,334 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Copart during the 4th quarter worth approximately $3,962,000. Sanctuary Advisors LLC raised its position in shares of Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after buying an additional 9,222 shares during the period. Finally, Cobblestone Capital Advisors LLC NY lifted its holdings in Copart by 47.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after acquiring an additional 126,436 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Copart stock opened at $55.07 on Thursday. The company’s 50 day simple moving average is $56.38 and its 200-day simple moving average is $56.10. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company has a market capitalization of $53.20 billion, a price-to-earnings ratio of 36.96 and a beta of 1.30.

Copart (NASDAQ:CPRT) last announced its 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 return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,480 shares of company stock valued at $21,667,683. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Argus downgraded Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Copart 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.