Copart, Inc. (NASDAQ:CPRT) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 905,065 shares of the business services provider’s stock after selling 158,631 shares during the quarter. Geneva Capital Management LLC owned 0.09% of Copart worth $51,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in shares of Copart in the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Copart in the 3rd quarter valued at about $33,000. True Wealth Design LLC increased its stake in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Copart in the 4th quarter valued at about $54,000. Finally, Continuum Advisory LLC increased its stake in shares of Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 0.3 %

Shares of Copart stock opened at $54.41 on Thursday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The business has a 50-day moving average price of $57.45 and a 200 day moving average price of $55.96. The firm has a market cap of $52.57 billion, a PE ratio of 36.52 and a beta of 1.30.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Copart news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction that occurred 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. In the last three months, insiders sold 315,480 shares of company stock worth $18,007,983. Corporate insiders own 9.68% of the company’s stock.

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.