Copart, Inc. $CPRT Shares Sold by Knollwood Investment Advisory LLC

Knollwood Investment Advisory LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 18.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,000 shares of the business services provider’s stock after selling 11,000 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Copart were worth $2,830,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Brighton Jones LLC increased its position in Copart by 92.1% during the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after purchasing an additional 6,817 shares in the last quarter. NewEdge Advisors LLC increased its position in Copart by 10.3% during the 4th quarter. NewEdge Advisors LLC now owns 23,518 shares of the business services provider’s stock worth $1,350,000 after purchasing an additional 2,191 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Copart by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,751,965 shares of the business services provider’s stock worth $157,958,000 after purchasing an additional 81,971 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Copart by 289.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider’s stock worth $1,970,000 after purchasing an additional 25,512 shares in the last quarter. Finally, MML Investors Services LLC increased its position in Copart by 3.3% during the 4th quarter. MML Investors Services LLC now owns 158,022 shares of the business services provider’s stock worth $9,069,000 after purchasing an additional 4,985 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Stephens assumed coverage on shares of Copart in a research report on Tuesday, July 8th. They set an “equal weight” rating and a $50.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Finally, Robert W. Baird dropped their target price on shares of Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Copart has a consensus rating of “Hold” and an average price target of $53.33.

Copart Stock Up 1.0%

Shares of NASDAQ:CPRT opened at $47.81 on Wednesday. Copart, Inc. has a 52-week low of $45.05 and a 52-week high of $64.38. The company has a 50 day moving average of $47.44 and a two-hundred day moving average of $53.70. The company has a market capitalization of $46.23 billion, a price-to-earnings ratio of 31.45 and a beta of 1.04.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Copart had a net margin of 32.21% and a return on equity of 18.20%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.39 earnings per share. Copart’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total value of $1,118,405.84. Following the completion of the sale, the chief executive officer owned 31,527 shares of the company’s stock, valued at $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.68% of the stock is owned by company insiders.

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.