Wealth Alliance Sells 444 Shares of Copart, Inc. (NASDAQ:CPRT)

Wealth Alliance decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,077 shares of the business services provider’s stock after selling 444 shares during the quarter. Wealth Alliance’s holdings in Copart were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cadence Bank increased its holdings in shares of Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after acquiring an additional 178 shares in the last quarter. Everpar Advisors LLC boosted its position in shares of Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after buying an additional 199 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Copart by 2.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after buying an additional 208 shares during the last quarter. Covestor Ltd boosted its position in shares of Copart by 5.1% during the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after buying an additional 209 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Copart by 0.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock valued at $1,447,000 after buying an additional 213 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Stock Down 2.8 %

Shares of NASDAQ:CPRT opened at $56.61 on Friday. The stock has a market cap of $54.55 billion, a price-to-earnings ratio of 39.87 and a beta of 1.33. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The business’s 50 day moving average is $57.97 and its 200 day moving average is $55.65.

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. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insiders Place Their Bets

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now owns 7,850 shares of the company’s stock, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 650,213 shares of company stock valued at $39,199,813. 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.