Stephens Investment Management Group LLC Reduces Stake in Copart, Inc. (NASDAQ:CPRT)

Stephens Investment Management Group LLC trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 549,412 shares of the business services provider’s stock after selling 864 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Copart were worth $31,531,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Copart by 12.8% during the 3rd quarter. CWM LLC now owns 34,111 shares of the business services provider’s stock worth $1,787,000 after purchasing an additional 3,869 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Copart by 209.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,234 shares of the business services provider’s stock valued at $327,000 after buying an additional 4,219 shares during the last quarter. Lion Street Advisors LLC purchased a new position in Copart during the third quarter worth $234,000. Inspire Investing LLC raised its holdings in shares of Copart by 4.2% in the third quarter. Inspire Investing LLC now owns 22,601 shares of the business services provider’s stock worth $1,184,000 after acquiring an additional 921 shares during the last quarter. Finally, Procyon Advisors LLC lifted its position in shares of Copart by 1.5% in the third quarter. Procyon Advisors LLC now owns 44,149 shares of the business services provider’s stock valued at $2,313,000 after acquiring an additional 636 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is owned by company insiders.

Copart Stock Down 1.7 %

Shares of Copart stock opened at $58.21 on Monday. The firm has a market cap of $56.09 billion, a PE ratio of 40.99 and a beta of 1.33. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The business’s fifty day moving average is $58.59 and its two-hundred day moving average is $55.17.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. Equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

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.