Atria Investments Inc Sells 6,027 Shares of Copart, Inc. (NASDAQ:CPRT)

Atria Investments Inc decreased its stake in Copart, Inc. (NASDAQ:CPRT) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,775 shares of the business services provider’s stock after selling 6,027 shares during the quarter. Atria Investments Inc’s holdings in Copart were worth $5,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Copart in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new position in Copart during the 3rd quarter valued at $33,000. True Wealth Design LLC boosted its holdings in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 608 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Copart during the 4th quarter valued at $54,000. Finally, Continuum Advisory LLC boosted its holdings in Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Trading Down 1.2 %

Shares of CPRT stock opened at $53.73 on Friday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock has a market capitalization of $51.91 billion, a price-to-earnings ratio of 36.06 and a beta of 1.30. The stock has a fifty day simple moving average of $57.36 and a two-hundred day simple moving average of $55.95.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share 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 analysts’ expectations of $1.13 billion. Research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction 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 approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is currently owned by company insiders.

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.