Copart, Inc. (NASDAQ:CPRT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 110,152 shares of the business services provider’s stock after selling 602 shares during the period. Oppenheimer & Co. Inc.’s holdings in Copart were worth $6,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Bank of New York Mellon Corp raised its position in shares of Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after acquiring an additional 3,667,534 shares in the last quarter. Jensen Investment Management Inc. raised its position in shares of Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after acquiring an additional 3,398,423 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after acquiring an additional 2,084,626 shares in the last quarter. Comgest Global Investors S.A.S. raised its position in shares of Copart by 706.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock worth $83,153,000 after acquiring an additional 1,390,146 shares in the last quarter. Finally, PineStone Asset Management Inc. increased its position in Copart by 192.4% during the fourth quarter. PineStone Asset Management Inc. now owns 1,585,400 shares of the business services provider’s stock worth $90,986,000 after buying an additional 1,043,200 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 1.8 %

CPRT opened at $55.23 on Friday. The firm has a market cap of $53.22 billion, a price-to-earnings ratio of 37.07 and a beta of 1.33. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The business’s 50 day moving average is $57.69 and its two-hundred day moving average is $55.82.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion for 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%. Equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The shares were 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. In the last ninety days, insiders have sold 398,790 shares of company stock worth $23,161,540. 9.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.