Norris Perne & French LLP MI trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,800 shares of the business services provider’s stock after selling 2,300 shares during the period. Norris Perne & French LLP MI’s holdings in Copart were worth $1,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new stake in shares of Copart in the 4th quarter valued at about $56,000. Advisors Preferred LLC bought a new position in Copart during the 4th quarter worth approximately $45,000. Wealthfront Advisers LLC grew its holdings in Copart by 179.4% during the fourth quarter. Wealthfront Advisers LLC now owns 10,416 shares of the business services provider’s stock valued at $947,000 after purchasing an additional 6,688 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Copart by 17.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168,949 shares of the business services provider’s stock valued at $15,364,000 after purchasing an additional 24,662 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Copart by 0.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 113,665 shares of the business services provider’s stock valued at $10,337,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

In related news, Director Thomas N. Tryforos sold 50,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $95.33, for a total value of $4,766,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO A Jayson Adair sold 327,318 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $90.49, for a total transaction of $29,619,005.82. The disclosure for this sale can be found here. Insiders have sold 538,785 shares of company stock valued at $49,564,503 in the last three months. 14.34% of the stock is owned by insiders.

CPRT has been the topic of several analyst reports. BidaskClub upgraded shares of Copart from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. SunTrust Banks boosted their price target on shares of Copart from $92.00 to $100.00 and gave the company an “average” rating in a report on Friday, November 22nd. Guggenheim upped their price objective on shares of Copart from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, ValuEngine downgraded Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.60.

Shares of CPRT traded up $1.09 on Wednesday, hitting $99.69. The company’s stock had a trading volume of 399,589 shares, compared to its average volume of 1,163,008. The company has a quick ratio of 2.24, a current ratio of 2.30 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $91.88 and its 200-day moving average price is $83.15. Copart, Inc. has a fifty-two week low of $48.88 and a fifty-two week high of $99.04. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 34.26 and a beta of 0.80.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, November 20th. The business services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $554.40 million for the quarter, compared to the consensus estimate of $544.46 million. Copart had a net margin of 32.59% and a return on equity of 34.06%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. As a group, equities analysts predict that Copart, Inc. will post 2.77 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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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