A Jayson Adair Sells 251,423 Shares of Copart, Inc. (NASDAQ:CPRT) Stock

Copart, Inc. (NASDAQ:CPRTGet Free Report) Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Copart Price Performance

Shares of NASDAQ CPRT opened at $63.39 on Monday. The stock’s fifty day moving average price is $55.06 and its two-hundred day moving average price is $53.50. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38. The firm has a market cap of $61.08 billion, a price-to-earnings ratio of 44.64 and a beta of 1.27.

Copart (NASDAQ:CPRTGet Free Report) last released its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. On average, equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CPRT has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Get Our Latest Report on Copart

Institutional Trading of Copart

Several large investors have recently modified their holdings of CPRT. Optimum Investment Advisors grew its holdings in shares of Copart by 141.5% during the 3rd 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 acquired a new stake in shares of Copart during the 3rd quarter worth $29,000. Quarry LP acquired a new stake in shares of Copart during the 3rd quarter worth $29,000. Crewe Advisors LLC grew its holdings in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after purchasing an additional 280 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after purchasing an additional 425 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Company Profile

(Get Free Report)

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.

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