Moloney Securities Asset Management LLC Sells 350 Shares of Copart, Inc. (NASDAQ:CPRT)

Moloney Securities Asset Management LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,844 shares of the business services provider’s stock after selling 350 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Copart were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPRT. Jensen Investment Management Inc. grew its stake in shares of Copart by 2,466.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after buying an additional 3,398,423 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Copart by 462.8% in the third 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. increased its stake in Copart by 335.8% during the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after acquiring an additional 2,084,626 shares during the last quarter. Comgest Global Investors S.A.S. raised its position in Copart by 706.6% during 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 purchasing an additional 1,390,146 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Copart by 1,103.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,062,931 shares of the business services provider’s stock valued at $55,698,000 after purchasing an additional 974,585 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 7,850 shares of the company’s stock, valued at $485,601. The trade was a 91.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 in the last quarter. 9.68% of the stock is owned by company insiders.

Analyst Ratings Changes

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 research report on Tuesday, November 19th.

Copart Trading Up 1.0 %

Copart stock opened at $59.23 on Wednesday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a 50-day moving average price of $58.46 and a 200-day moving average price of $55.29. The firm has a market capitalization of $57.07 billion, a PE ratio of 41.71 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.