Victory Capital Management Inc. Sells 10,046 Shares of Copart, Inc. (NASDAQ:CPRT)

Victory Capital Management Inc. lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784,644 shares of the business services provider’s stock after selling 10,046 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Copart worth $45,031,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its holdings in Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after acquiring an additional 8,300 shares in the last quarter. National Pension Service raised its position in shares of Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares during the period. Kieckhefer Group LLC bought a new position in shares of Copart in the 4th quarter worth $3,962,000. Sanctuary Advisors LLC grew its position in Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its stake in Copart by 47.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after purchasing an additional 126,436 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Copart Stock Performance

Shares of CPRT opened at $53.74 on Friday. The firm has a market capitalization of $51.92 billion, a P/E ratio of 36.07 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The stock has a 50 day moving average price of $57.16 and a two-hundred day moving average price of $55.98.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity

In other news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were 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. Insiders sold a total of 315,480 shares of company stock worth $18,007,983 over the last quarter. Insiders own 9.68% of the company’s stock.

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.