Hartford Investment Management Co. Trims Holdings in Copart, Inc. (NASDAQ:CPRT)

Hartford Investment Management Co. decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 54,129 shares of the business services provider’s stock after selling 729 shares during the period. Hartford Investment Management Co.’s holdings in Copart were worth $3,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new stake in Copart in the 4th quarter valued at $3,962,000. Sanctuary Advisors LLC raised its position in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares during the last quarter. Geode Capital Management LLC raised its position in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after buying an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. raised its position in Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after buying an additional 13,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in Copart during the 3rd quarter worth $1,206,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price objective 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 Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the sale, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 in the last ninety days. 9.68% of the stock is currently owned by company insiders.

Copart Stock Down 0.4 %

NASDAQ:CPRT opened at $59.02 on Thursday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a market cap of $56.87 billion, a PE ratio of 41.56 and a beta of 1.33. The firm’s fifty day simple moving average is $58.38 and its 200-day simple moving average is $55.32.

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

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.