Harel Insurance Investments & Financial Services Ltd. Sells 2,772 Shares of Copart, Inc. (NASDAQ:CPRT)

Harel Insurance Investments & Financial Services Ltd. reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 46.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,237 shares of the business services provider’s stock after selling 2,772 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Copart were worth $158,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CPRT. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Copart by 1,212.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock valued at $390,000 after buying an additional 2,873 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Copart by 14.6% during the 1st quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock valued at $1,061,000 after buying an additional 1,079 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Copart by 52.1% during the 1st quarter. Vontobel Holding Ltd. now owns 10,823 shares of the business services provider’s stock valued at $1,380,000 after buying an additional 3,707 shares in the last quarter. National Pension Service lifted its position in shares of Copart by 5.0% during the 1st quarter. National Pension Service now owns 286,903 shares of the business services provider’s stock valued at $35,998,000 after buying an additional 13,666 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Copart by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 22,968,882 shares of the business services provider’s stock valued at $2,881,905,000 after buying an additional 270,867 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Insider Activity

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Matt Blunt sold 100,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 985,000 shares of company stock valued at $55,519,950. 10.23% of the stock is currently owned by insiders.

Copart Stock Performance

NASDAQ CPRT opened at $54.75 on Tuesday. The company has a market cap of $52.64 billion, a P/E ratio of 39.39 and a beta of 1.22. The business’s 50 day moving average price is $54.12 and its 200-day moving average price is $49.85. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. As a group, equities analysts predict that Copart, Inc. will post 1.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPRT. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. lifted their price objective on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.00.

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.