Quotient Wealth Partners LLC Lowers Stake in Copart, Inc. (NASDAQ:CPRT)

Quotient Wealth Partners LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,009 shares of the business services provider’s stock after selling 256 shares during the period. Quotient Wealth Partners LLC’s holdings in Copart were worth $287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Optimum Investment Advisors boosted its holdings in shares of Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank acquired a new stake in Copart in the 3rd quarter worth about $29,000. Quarry LP purchased a new stake in Copart in the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart during the 3rd quarter valued at about $33,000. Finally, True Wealth Design LLC lifted its holdings in shares of Copart by 1,737.1% during the 3rd 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. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $58.21 on Monday. The business has a 50-day moving average of $58.59 and a two-hundred day moving average of $55.17. The firm has a market capitalization of $56.09 billion, a PE ratio of 40.99 and a beta of 1.33. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last posted its 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. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue was up 12.4% on a year-over-year basis. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company’s stock.

Copart Company 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.