Copart, Inc. (NASDAQ:CPRT) Director Steven D. Cohan Sells 94,997 Shares

Copart, Inc. (NASDAQ:CPRT) Director Steven D. Cohan sold 94,997 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Steven D. Cohan also recently made the following trade(s):

• On Friday, April 11th, Steven D. Cohan sold 5,003 shares of Copart stock. The shares were sold at an average price of $60.01, for a total value of $300,230.03.

Copart Stock Down 1.7 %

CPRT opened at $59.44 on Thursday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The stock has a market cap of $57.42 billion, a P/E ratio of 39.89 and a beta of 1.22. The business has a fifty day moving average of $56.19 and a 200 day moving average of $56.77.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Institutional Investors Weigh In On Copart

Several hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Copart by 10.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 96,595 shares of the business services provider’s stock worth $5,466,000 after purchasing an additional 8,982 shares in the last quarter. Tritonpoint Wealth LLC lifted its stake in shares of Copart by 1.6% in the 1st quarter. Tritonpoint Wealth LLC now owns 18,541 shares of the business services provider’s stock valued at $1,049,000 after purchasing an additional 291 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in shares of Copart in the 1st quarter valued at approximately $2,743,000. Ipswich Investment Management Co. Inc. boosted its position in shares of Copart by 51.0% during the first quarter. Ipswich Investment Management Co. Inc. now owns 7,990 shares of the business services provider’s stock worth $452,000 after buying an additional 2,700 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in Copart by 4.5% in the 1st quarter. Salem Investment Counselors Inc. now owns 44,842 shares of the business services provider’s stock valued at $2,538,000 after acquiring an additional 1,930 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

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.