Copart, Inc. (NASDAQ:CPRT) Director Steven D. Cohan Sells 94,997 Shares

Copart, Inc. (NASDAQ:CPRT - Get Free Report) Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, April 11th, Steven D. Cohan sold 5,003 shares of Copart stock. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03.

Copart Price Performance

NASDAQ:CPRT traded up $0.24 during mid-day trading on Friday, hitting $59.68. 7,558,703 shares of the company's stock were exchanged, compared to its average volume of 4,416,459. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The business has a fifty day moving average price of $56.22 and a 200 day moving average price of $56.90. The company has a market cap of $57.66 billion, a PE ratio of 40.05 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly 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. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crown Oak Advisors LLC grew its stake in shares of Copart by 3.5% during the 1st quarter. Crown Oak Advisors LLC now owns 174,917 shares of the business services provider's stock valued at $9,899,000 after purchasing an additional 5,889 shares during the period. Cushing Capital Partners LLC bought a new stake in Copart during the first quarter valued at approximately $255,000. NBT Bank N A NY purchased a new position in shares of Copart during the 1st quarter worth $352,000. QRG Capital Management Inc. lifted its position in Copart by 7.1% during the first quarter. QRG Capital Management Inc. now owns 120,028 shares of the business services provider's stock valued at $6,792,000 after purchasing an additional 7,928 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in Copart by 11.4% in the first quarter. Sagespring Wealth Partners LLC now owns 14,965 shares of the business services provider's stock worth $847,000 after buying an additional 1,532 shares in the last quarter. Institutional investors own 85.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus downgraded Copart from a "buy" rating to a "hold" rating in a report 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.