Copart, Inc. (NASDAQ:CPRT) Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC lessened its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 218,191 shares of the business services provider’s stock after selling 4,504 shares during the period. Copart accounts for about 1.7% of LaFleur & Godfrey LLC’s portfolio, making the stock its 17th biggest holding. LaFleur & Godfrey LLC’s holdings in Copart were worth $12,522,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Jensen Investment Management Inc. raised its holdings in Copart by 2,466.0% during the third quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after purchasing an additional 3,398,423 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Copart by 462.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock worth $192,240,000 after acquiring an additional 3,016,795 shares in the last quarter. Franklin Resources Inc. lifted its position in Copart by 335.8% in the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock valued at $149,471,000 after acquiring an additional 2,084,626 shares during the last quarter. Comgest Global Investors S.A.S. boosted its stake in Copart by 706.6% in the third quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock valued at $83,153,000 after acquiring an additional 1,390,146 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Copart during the second quarter worth about $70,307,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Copart Trading Up 0.9 %

Shares of CPRT opened at $56.90 on Monday. The company’s 50 day simple moving average is $59.07 and its 200-day simple moving average is $54.72. The firm has a market cap of $54.82 billion, a PE ratio of 40.07 and a beta of 1.33. Copart, Inc. has a 12-month low of $47.51 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 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 firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business earned $0.34 EPS. Copart’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares of the company’s stock, valued at $485,601. This represents a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last quarter. 9.68% of the stock is currently owned by insiders.

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.