Copart, Inc. (NASDAQ:CPRT) Shares Sold by Harfst & Associates Inc.

Harfst & Associates Inc. lessened its position in Copart, Inc. (NASDAQ:CPRT) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,350 shares of the business services provider’s stock after selling 1,668 shares during the period. Harfst & Associates Inc.’s holdings in Copart were worth $250,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of Copart in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart in the third quarter valued at approximately $33,000. True Wealth Design LLC raised its position in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Performance

Shares of CPRT stock opened at $56.27 on Thursday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a 50 day moving average price of $57.75 and a 200 day moving average price of $55.82. The firm has a market capitalization of $54.22 billion, a price-to-earnings ratio of 37.77 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now owns 7,850 shares of the company’s stock, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 398,790 shares of company stock worth $23,161,540 over the last ninety days. 9.68% of the stock is owned by company insiders.

Copart 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.