Russell Investments Group Ltd. Sells 49,371 Shares of Copart, Inc. (NASDAQ:CPRT)

Russell Investments Group Ltd. reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 996,561 shares of the business services provider's stock after selling 49,371 shares during the period. Russell Investments Group Ltd. owned 0.10% of Copart worth $48,827,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CPRT. Simplicity Solutions LLC increased its position in shares of Copart by 71.8% during the 3rd quarter. Simplicity Solutions LLC now owns 15,321 shares of the business services provider's stock worth $660,000 after purchasing an additional 6,405 shares during the last quarter. Clarius Group LLC boosted its holdings in Copart by 57.4% during the 3rd quarter. Clarius Group LLC now owns 6,176 shares of the business services provider's stock valued at $266,000 after acquiring an additional 2,252 shares during the period. Peregrine Capital Management LLC increased its holdings in Copart by 100.0% during the 3rd quarter. Peregrine Capital Management LLC now owns 6,188 shares of the business services provider's stock worth $267,000 after purchasing an additional 3,094 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Copart by 141.6% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 20,169 shares of the business services provider's stock valued at $869,000 after buying an additional 11,822 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Copart by 122.5% during the third quarter. Commonwealth Equity Services LLC now owns 98,215 shares of the business services provider's stock worth $4,232,000 after buying an additional 54,068 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPRT has been the subject of several analyst reports. StockNews.com cut shares of Copart from a "buy" rating to a "hold" rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. increased their price objective on Copart from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $51.00.

Insider Buying and Selling at Copart

In other Copart news, Director Matt Blunt sold 100,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Matt Blunt sold 100,000 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman A Jayson Adair sold 600,000 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares of the company's stock, valued at $1,137,374,604.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 985,000 shares of company stock worth $55,519,950. 10.23% of the stock is owned by insiders.

Copart Trading Down 2.5 %

Shares of Copart stock traded down $1.40 during trading hours on Tuesday, hitting $54.31. 3,757,984 shares of the company were exchanged, compared to its average volume of 4,548,346. The stock has a market capitalization of $52.22 billion, a price-to-earnings ratio of 39.07 and a beta of 1.22. The business has a 50-day moving average of $55.00 and a 200-day moving average of $50.55. Copart, Inc. has a 1 year low of $38.83 and a 1 year high of $58.58.

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

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.