Hartford Investment Management Co. Trims Stock Position in Copart, Inc. (NASDAQ:CPRT)

Hartford Investment Management Co. trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 54,129 shares of the business services provider’s stock after selling 729 shares during the period. Hartford Investment Management Co.’s holdings in Copart were worth $3,106,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Certuity LLC raised its stake in shares of Copart by 6.4% in the 4th quarter. Certuity LLC now owns 19,877 shares of the business services provider’s stock valued at $1,141,000 after acquiring an additional 1,202 shares during the period. Sovran Advisors LLC purchased a new stake in shares of Copart in the 4th quarter valued at approximately $773,000. McBroom & Associates LLC raised its stake in shares of Copart by 1.6% in the 4th quarter. McBroom & Associates LLC now owns 155,045 shares of the business services provider’s stock valued at $8,898,000 after acquiring an additional 2,450 shares during the period. Panoramic Capital Partners LLC acquired a new position in shares of Copart in the fourth quarter valued at approximately $484,000. Finally, Savant Capital LLC grew its holdings in shares of Copart by 13.5% in the fourth quarter. Savant Capital LLC now owns 8,725 shares of the business services provider’s stock valued at $501,000 after purchasing an additional 1,035 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 transaction of $13,384,683.20. 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.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on shares of 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 CPRT stock opened at $59.02 on Thursday. The stock has a market capitalization of $56.87 billion, a P/E ratio of 41.56 and a beta of 1.33. The company has a 50 day moving average price of $58.38 and a 200 day moving average price of $55.32. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last posted 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 net margin of 31.92% and a return on equity of 18.96%. 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 previous year, the business posted $0.34 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.