Haverford Trust Co Sells 37,540 Shares of Copart, Inc. (NASDAQ:CPRT)

Haverford Trust Co reduced its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 72.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,430 shares of the business services provider's stock after selling 37,540 shares during the quarter. Haverford Trust Co's holdings in Copart were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CPRT. Nordea Investment Management AB raised its holdings in Copart by 64.1% in the 4th quarter. Nordea Investment Management AB now owns 1,441,839 shares of the business services provider's stock worth $70,448,000 after purchasing an additional 563,233 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Copart by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider's stock worth $139,554,000 after buying an additional 44,248 shares during the period. CHURCHILL MANAGEMENT Corp boosted its position in Copart by 57.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 63,521 shares of the business services provider's stock valued at $3,113,000 after acquiring an additional 23,304 shares in the last quarter. Artemis Investment Management LLP grew its holdings in shares of Copart by 29.0% during the 4th quarter. Artemis Investment Management LLP now owns 1,167,186 shares of the business services provider's stock worth $57,193,000 after acquiring an additional 262,499 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in shares of Copart by 72.5% in the 3rd quarter. Checchi Capital Advisers LLC now owns 6,228 shares of the business services provider's stock worth $268,000 after acquiring an additional 2,618 shares in the last quarter. Institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CPRT shares. StockNews.com lowered Copart from a "buy" rating to a "hold" rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Copart from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Copart currently has a consensus rating of "Hold" and an average target price of $51.00.

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 600,000 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares of the company's stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 985,000 shares of company stock valued at $55,519,950 over the last 90 days. Corporate insiders own 10.23% of the company's stock.

Copart Trading Down 0.1 %

NASDAQ:CPRT traded down $0.08 during trading hours on Friday, reaching $54.50. 6,566,331 shares of the company traded hands, compared to its average volume of 4,496,463. The business's 50-day moving average price is $55.64 and its two-hundred day moving average price is $51.48. Copart, Inc. has a 1 year low of $41.00 and a 1 year high of $58.58. The stock has a market capitalization of $52.40 billion, a P/E ratio of 39.21 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. Copart's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities analysts anticipate that Copart, Inc. will post 1.42 EPS for the current 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.

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