Copart, Inc. (NASDAQ:CPRT) Shares Sold by Geneva Partners LLC

Geneva Partners LLC lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,474 shares of the business services provider’s stock after selling 1,715 shares during the quarter. Copart accounts for about 1.6% of Geneva Partners LLC’s portfolio, making the stock its 23rd biggest holding. Geneva Partners LLC’s holdings in Copart were worth $3,987,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Optimum Investment Advisors increased 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 buying an additional 300 shares during the last quarter. Eastern Bank acquired a new position in shares of Copart in the third quarter valued at approximately $29,000. Quarry LP acquired a new position in shares of Copart in the third quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart during the third quarter worth approximately $33,000. Finally, True Wealth Design LLC increased its holdings in shares of Copart by 1,737.1% in 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 last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Up 1.5 %

NASDAQ:CPRT opened at $58.72 on Thursday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm’s fifty day simple moving average is $58.78 and its 200 day simple moving average is $55.06. The firm has a market capitalization of $56.58 billion, a price-to-earnings ratio of 41.35 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $0.34 earnings per share. Copart’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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 worth $39,199,813 in the last three months. 9.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.