Daniel J. Englander Sells 235,480 Shares of Copart, Inc. (NASDAQ:CPRT) Stock

Copart, Inc. (NASDAQ:CPRT) Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available through this link.

Copart Stock Up 1.0 %

NASDAQ:CPRT opened at $56.78 on Thursday. The firm’s fifty day simple moving average is $58.71 and its 200-day simple moving average is $54.63. The stock has a market cap of $54.71 billion, a PE ratio of 39.99 and a beta of 1.33. Copart, Inc. has a fifty-two week low of $46.82 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share 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 for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On Copart

Several hedge funds have recently bought and sold shares of CPRT. Optimum Investment Advisors boosted its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank purchased a new stake in shares of Copart in the 3rd quarter worth about $29,000. Quarry LP acquired a new stake in Copart in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. increased its holdings in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Copart during the third quarter worth about $33,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.