Paradiem LLC Lowers Stock Position in Copart, Inc. (NASDAQ:CPRT)

Paradiem LLC lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 28.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 78,586 shares of the business services provider’s stock after selling 31,660 shares during the quarter. Paradiem LLC’s holdings in Copart were worth $3,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Truist Financial Corp boosted its holdings in Copart by 2.3% in the 4th quarter. Truist Financial Corp now owns 129,637 shares of the business services provider’s stock valued at $6,352,000 after purchasing an additional 2,960 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Copart by 6.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 28,224 shares of the business services provider’s stock worth $1,383,000 after acquiring an additional 1,640 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in shares of Copart during the 4th quarter worth approximately $1,174,000. Wisconsin Capital Management LLC boosted its stake in shares of Copart by 0.9% during the 4th quarter. Wisconsin Capital Management LLC now owns 91,425 shares of the business services provider’s stock worth $4,480,000 after acquiring an additional 853 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Copart by 53.7% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 220,944 shares of the business services provider’s stock worth $10,826,000 after acquiring an additional 77,220 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

CPRT stock traded up $0.51 during trading on Friday, hitting $55.73. The stock had a trading volume of 2,554,100 shares, compared to its average volume of 3,758,305. The company’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $50.45. Copart, Inc. has a 1-year low of $38.53 and a 1-year high of $58.58. The stock has a market cap of $53.58 billion, a price-to-earnings ratio of 40.09 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced 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). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. As a group, sell-side analysts forecast that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Thomas N. Tryforos sold 285,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matt Blunt sold 100,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold 985,000 shares of company stock worth $55,519,950 in the last 90 days. 10.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on CPRT. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Copart has an average rating of “Hold” and a consensus target price of $51.00.

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.