Copart, Inc. (NASDAQ:CPRT) Director Steven D. Cohan Sells 5,003 Shares

Copart, Inc. (NASDAQ:CPRT - Get Free Report) Director Steven D. Cohan sold 5,003 shares of Copart stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven D. Cohan also recently made the following trade(s):

• On Monday, April 14th, Steven D. Cohan sold 94,997 shares of Copart stock. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97.

Copart Price Performance

Shares of Copart stock traded up $0.24 on Friday, reaching $59.68. The company had a trading volume of 7,558,703 shares, compared to its average volume of 4,416,459. The firm has a market cap of $57.66 billion, a price-to-earnings ratio of 40.05 and a beta of 1.22. The firm's 50-day moving average price is $56.22 and its two-hundred day moving average price is $56.90. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Institutional Trading of Copart

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock valued at $2,037,130,000 after acquiring an additional 941,858 shares during the last quarter. Barclays PLC increased its stake in Copart by 0.4% in the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider's stock worth $316,639,000 after buying an additional 21,710 shares during the period. Sanctuary Advisors LLC lifted its holdings in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock valued at $2,765,000 after buying an additional 9,222 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Copart in the 3rd quarter valued at about $317,000. Finally, Tidal Investments LLC grew its stake in Copart by 7.8% in the 3rd quarter. Tidal Investments LLC now owns 88,324 shares of the business services provider's stock worth $4,628,000 after acquiring an additional 6,421 shares in the last quarter. Institutional investors own 85.78% of the company's stock.

Analyst Ratings Changes

Separately, Argus cut shares of Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

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.