Steven D. Cohan Sells 94,997 Shares of Copart, Inc. (NASDAQ:CPRT) Stock

Copart, Inc. (NASDAQ:CPRT) Director Steven D. Cohan sold 94,997 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a document filed with the SEC, which is available through this link.

Steven D. Cohan also recently made the following trade(s):

• On Friday, April 11th, Steven D. Cohan sold 5,003 shares of Copart stock. The shares were sold at an average price of $60.01, for a total value of $300,230.03.

Copart Trading Down 1.7 %

NASDAQ:CPRT opened at $59.44 on Thursday. The firm has a 50-day moving average price of $56.19 and a two-hundred day moving average price of $56.77. The company has a market capitalization of $57.42 billion, a P/E ratio of 39.89 and a beta of 1.22. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sandy Spring Bank raised its holdings in shares of Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Copart in the fourth quarter valued at about $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Copart in the 4th quarter valued at approximately $45,000. Versant Capital Management Inc increased its stake in shares of Copart by 1,567.9% during the 1st quarter. Versant Capital Management Inc now owns 884 shares of the business services provider’s stock worth $50,000 after purchasing an additional 831 shares during the last quarter. Finally, Curio Wealth LLC bought a new position in Copart during the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Argus downgraded Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

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.