IFP Advisors Inc trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 25.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,079 shares of the business services provider’s stock after selling 1,412 shares during the quarter. IFP Advisors Inc’s holdings in Copart were worth $176,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of Copart by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 34,338 shares of the business services provider’s stock valued at $1,483,000 after purchasing an additional 10,228 shares in the last quarter. Cim LLC acquired a new position in shares of Copart in the fourth quarter worth approximately $473,000. State of Alaska Department of Revenue acquired a new position in shares of Copart in the fourth quarter worth approximately $630,000. Syntal Capital Partners LLC lifted its stake in shares of Copart by 79.5% in the fourth quarter. Syntal Capital Partners LLC now owns 32,055 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 14,202 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Copart by 0.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 929,749 shares of the business services provider’s stock worth $40,156,000 after acquiring an additional 3,453 shares during the period. 78.08% of the stock is currently owned by hedge funds and other institutional investors.

In other Copart news, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total value of $2,950,013.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matt Blunt sold 116,667 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Copart, Inc. (NASDAQ:CPRT) opened at $41.74 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $9,659.25, a P/E ratio of 31.16, a P/E/G ratio of 1.36 and a beta of 1.12. Copart, Inc. has a 12 month low of $28.17 and a 12 month high of $46.09.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, November 21st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Copart had a return on equity of 29.96% and a net margin of 20.01%. The firm had revenue of $419.17 million for the quarter, compared to analyst estimates of $377.37 million. During the same period in the previous year, the firm earned $0.29 earnings per share. analysts predict that Copart, Inc. will post 1.52 EPS for the current year.

A number of equities analysts recently commented on CPRT shares. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Copart in a research note on Friday, November 24th. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, November 21st. BidaskClub raised Copart from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Stephens set a $49.00 price objective on Copart and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group lifted their price objective on Copart to $40.00 and gave the stock a “hold” rating in a research note on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.00.

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About Copart

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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