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 company’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $60.01, for a total value of $300,230.03.

Copart Price Performance

Shares of CPRT traded up $0.53 during midday trading on Tuesday, hitting $60.36. The stock had a trading volume of 1,051,575 shares, compared to its average volume of 4,389,969. The firm has a market cap of $58.31 billion, a price-to-earnings ratio of 40.50 and a beta of 1.22. The company has a 50 day simple moving average of $56.14 and a two-hundred day simple moving average of $56.72. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Institutional Trading of Copart

Institutional investors and hedge funds have recently bought and sold shares of the business. Atwood & Palmer Inc. acquired a new stake in Copart during the 1st quarter valued at $102,000. Handelsbanken Fonder AB boosted its holdings in shares of Copart by 53.3% during the 1st quarter. Handelsbanken Fonder AB now owns 854,336 shares of the business services provider’s stock worth $48,347,000 after buying an additional 297,210 shares during the period. GAMMA Investing LLC grew its stake in Copart by 21.5% in the 1st quarter. GAMMA Investing LLC now owns 20,352 shares of the business services provider’s stock valued at $1,152,000 after buying an additional 3,598 shares during the last quarter. Tounjian Advisory Partners LLC acquired a new stake in Copart during the first quarter worth approximately $635,000. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Copart by 5.9% during the first quarter. Wesbanco Bank Inc. now owns 4,646 shares of the business services provider’s stock worth $263,000 after acquiring an additional 257 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, Argus cut Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

About Copart

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.