Copart, Inc. (NASDAQ:CPRT) Shares Sold by Empirical Finance LLC

Empirical Finance LLC trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,495 shares of the business services provider’s stock after selling 326 shares during the period. Empirical Finance LLC’s holdings in Copart were worth $1,635,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CPRT. Kieckhefer Group LLC acquired a new position in Copart during the fourth quarter valued at approximately $3,962,000. Sanctuary Advisors LLC boosted its position in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares during the period. Geode Capital Management LLC grew its stake in shares of Copart by 1.6% in the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after buying an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. raised its holdings in shares of Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after buying an additional 13,554 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new position in Copart during the 3rd quarter worth approximately $1,206,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was 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. Insiders sold 650,213 shares of company stock worth $39,199,813 in the last 90 days. Corporate insiders own 9.68% of the company’s stock.

Copart Trading Down 1.7 %

Shares of NASDAQ CPRT opened at $58.21 on Monday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The stock’s 50 day simple moving average is $58.59 and its 200 day simple moving average is $55.17. The company has a market cap of $56.09 billion, a price-to-earnings ratio of 40.99 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.