Sentry Investment Management LLC Reduces Stock Position in Copart, Inc. (NASDAQ:CPRT)

Sentry Investment Management LLC cut its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,256 shares of the business services provider’s stock after selling 530 shares during the period. Sentry Investment Management LLC’s holdings in Copart were worth $187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Kieckhefer Group LLC purchased a new stake in Copart during the fourth quarter valued at $3,962,000. Sanctuary Advisors LLC increased its position in shares of Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Copart by 1.6% in 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 purchasing an additional 291,580 shares during the period. Kinsale Capital Group Inc. boosted its holdings in shares of Copart by 17.7% in the third 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 shares of Copart in the third quarter worth approximately $1,206,000. 85.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now owns 7,850 shares in the company, valued at $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 398,790 shares of company stock worth $23,161,540. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

NASDAQ CPRT opened at $56.77 on Wednesday. The business’s fifty day moving average is $57.81 and its 200 day moving average is $55.82. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The company has a market capitalization of $54.70 billion, a PE ratio of 38.10 and a beta of 1.33.

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, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target 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.

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.