Sigma Planning Corp Has $1.71 Million Position in Copart, Inc. (NASDAQ:CPRT)

Sigma Planning Corp lowered its position in Copart, Inc. (NASDAQ:CPRT) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,727 shares of the business services provider’s stock after selling 5,045 shares during the quarter. Sigma Planning Corp’s holdings in Copart were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank acquired a new position in Copart in the 3rd quarter valued at approximately $29,000. Quarry LP acquired a new stake in shares of Copart in the third quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Copart during the third quarter worth about $33,000. True Wealth Design LLC lifted its stake in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after acquiring an additional 608 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new stake in Copart in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. 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 corporate insiders.

Analysts Set New Price Targets

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

Copart Stock Down 2.8 %

Shares of NASDAQ CPRT opened at $56.61 on Monday. The firm has a fifty day simple moving average of $57.97 and a 200 day simple moving average of $55.73. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company has a market capitalization of $54.55 billion, a PE ratio of 38.00 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.