Copart, Inc. (NASDAQ:CPRT) Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC trimmed its position in Copart, Inc. (NASDAQ:CPRT) by 22.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,891 shares of the business services provider’s stock after selling 5,427 shares during the period. Conestoga Capital Advisors LLC’s holdings in Copart were worth $1,084,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cadence Bank boosted its position in shares of Copart by 0.6% in the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after buying an additional 178 shares during the period. Everpar Advisors LLC increased its position in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Copart by 2.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after buying an additional 208 shares during the last quarter. Covestor Ltd lifted its stake in Copart by 5.1% in the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after acquiring an additional 209 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Copart by 0.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock worth $1,447,000 after purchasing an additional 213 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now owns 7,850 shares of the company’s stock, valued at $485,601. The trade was a 91.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last ninety days. Insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised 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 Stock Performance

Shares of NASDAQ:CPRT opened at $56.97 on Monday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company has a market cap of $54.90 billion, a P/E ratio of 40.12 and a beta of 1.33. The stock’s 50-day moving average is $59.11 and its 200-day moving average is $54.95.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company 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 business posted $0.34 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

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.