New Century Financial Group LLC Has $235,000 Stock Position in Copart, Inc. (NASDAQ:CPRT)

New Century Financial Group LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,130 shares of the business services provider’s stock after selling 1,059 shares during the period. New Century Financial Group LLC’s holdings in Copart were worth $235,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Avior Wealth Management LLC lifted its holdings in Copart by 48.8% during the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the business services provider’s stock worth $74,000 after buying an additional 421 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Copart by 6.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 397,623 shares of the business services provider’s stock worth $22,820,000 after acquiring an additional 24,191 shares during the period. SG Americas Securities LLC boosted its holdings in Copart by 20.3% in the fourth quarter. SG Americas Securities LLC now owns 104,015 shares of the business services provider’s stock valued at $5,969,000 after acquiring an additional 17,561 shares during the last quarter. Park Place Capital Corp increased its position in Copart by 23.8% during the 4th quarter. Park Place Capital Corp now owns 26,074 shares of the business services provider’s stock valued at $1,496,000 after purchasing an additional 5,006 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in Copart by 156.3% during the 4th quarter. Simon Quick Advisors LLC now owns 52,538 shares of the business services provider’s stock worth $3,015,000 after purchasing an additional 32,038 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman A Jayson Adair sold 251,423 shares of the 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 transaction, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. The trade was a 91.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by company insiders.

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 company a “neutral” rating in a research note on Tuesday, November 19th.

Copart Price Performance

Shares of Copart stock opened at $57.70 on Friday. The firm has a market cap of $55.60 billion, a price-to-earnings ratio of 40.63 and a beta of 1.33. The stock’s 50-day moving average is $59.10 and its 200 day moving average is $54.82. Copart, Inc. has a one year low of $47.73 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Copart 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.