Paradiem LLC Cuts Stock Position in Copart, Inc. (NASDAQ:CPRT)

Paradiem LLC lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,586 shares of the business services provider's stock after selling 31,660 shares during the period. Paradiem LLC's holdings in Copart were worth $3,851,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Truist Financial Corp lifted its position in shares of Copart by 2.3% during the fourth quarter. Truist Financial Corp now owns 129,637 shares of the business services provider's stock worth $6,352,000 after acquiring an additional 2,960 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Copart by 6.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 28,224 shares of the business services provider's stock worth $1,383,000 after acquiring an additional 1,640 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in shares of Copart during the fourth quarter worth $1,174,000. Wisconsin Capital Management LLC lifted its position in shares of Copart by 0.9% during the fourth quarter. Wisconsin Capital Management LLC now owns 91,425 shares of the business services provider's stock worth $4,480,000 after acquiring an additional 853 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Copart by 53.7% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 220,944 shares of the business services provider's stock worth $10,826,000 after buying an additional 77,220 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the sale, the director now owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Matt Blunt sold 100,000 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at $1,934,450. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock worth $55,519,950 over the last 90 days. Corporate insiders own 10.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Copart from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. StockNews.com downgraded Copart from a "buy" rating to a "hold" rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $51.00.

Copart Price Performance

NASDAQ CPRT traded up $0.51 during trading hours on Friday, reaching $55.73. 2,554,100 shares of the stock traded hands, compared to its average volume of 3,758,305. The stock has a 50 day simple moving average of $54.86 and a two-hundred day simple moving average of $50.48. Copart, Inc. has a 1 year low of $38.53 and a 1 year high of $58.58. The company has a market cap of $53.58 billion, a price-to-earnings ratio of 40.09 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.31 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts forecast that Copart, Inc. will post 1.42 EPS for the current fiscal year.

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.