Jump Financial LLC Sells 53,947 Shares of Copart, Inc. (NASDAQ:CPRT)

Jump Financial LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 39.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,343 shares of the business services provider's stock after selling 53,947 shares during the quarter. Jump Financial LLC's holdings in Copart were worth $4,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in Copart by 14.1% in the fourth quarter. BNP Paribas Financial Markets now owns 929,675 shares of the business services provider's stock worth $45,554,000 after acquiring an additional 114,801 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Copart by 83.3% in the 4th quarter. Teacher Retirement System of Texas now owns 557,377 shares of the business services provider's stock worth $27,311,000 after purchasing an additional 253,298 shares during the period. Mawer Investment Management Ltd. boosted its holdings in shares of Copart by 9.0% in the 4th quarter. Mawer Investment Management Ltd. now owns 37,628 shares of the business services provider's stock worth $1,844,000 after purchasing an additional 3,104 shares during the period. Versor Investments LP increased its position in shares of Copart by 22.1% during the 4th quarter. Versor Investments LP now owns 15,382 shares of the business services provider's stock valued at $754,000 after purchasing an additional 2,784 shares during the last quarter. Finally, Mount Lucas Management LP purchased a new stake in Copart during the 4th quarter valued at $2,795,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Price Performance

Shares of NASDAQ:CPRT traded down $0.52 on Friday, hitting $54.74. 3,899,065 shares of the company's stock were exchanged, compared to its average volume of 3,806,126. Copart, Inc. has a 12 month low of $39.84 and a 12 month high of $58.58. The stock has a market capitalization of $52.63 billion, a price-to-earnings ratio of 39.38 and a beta of 1.22. The business's 50 day simple moving average is $55.63 and its two-hundred day simple moving average is $51.13.

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 for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $0.31 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CPRT shares. StockNews.com lowered shares of Copart from a "buy" rating to a "hold" rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of Copart from $48.00 to $52.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $51.00.

Insider Transactions at Copart

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

Copart Company 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.

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