Copart, Inc. (NASDAQ:CPRT) Shares Sold by Paragon Advisors LLC

Paragon Advisors LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,934 shares of the business services provider’s stock after selling 2,085 shares during the period. Paragon Advisors LLC’s holdings in Copart were worth $2,177,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in shares of Copart by 5.6% in the second quarter. Private Advisor Group LLC now owns 25,781 shares of the business services provider’s stock valued at $1,396,000 after buying an additional 1,364 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Copart during the 2nd quarter worth $1,123,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Copart in the 2nd quarter worth $75,000. BOKF NA boosted its holdings in Copart by 17,137.1% in the second quarter. BOKF NA now owns 39,990 shares of the business services provider’s stock valued at $2,166,000 after acquiring an additional 39,758 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Copart by 0.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 111,500 shares of the business services provider’s stock worth $6,039,000 after purchasing an additional 406 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now owns 7,850 shares in the company, valued at $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 in the last three months. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Down 2.0 %

CPRT opened at $55.64 on Monday. The firm has a market capitalization of $53.61 billion, a P/E ratio of 39.18 and a beta of 1.33. The firm’s 50 day moving average is $58.90 and its 200-day moving average is $54.64. Copart, Inc. has a 52-week low of $47.19 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.