OLD National Bancorp IN Decreases Stock Position in Copart, Inc. (NASDAQ:CPRT)

OLD National Bancorp IN cut its position in Copart, Inc. (NASDAQ:CPRT) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 278,040 shares of the business services provider’s stock after selling 77,203 shares during the period. OLD National Bancorp IN’s holdings in Copart were worth $15,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CPRT. Kieckhefer Group LLC purchased a new stake in Copart during the fourth quarter valued at about $3,962,000. Sanctuary Advisors LLC lifted its stake 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 buying an additional 9,222 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 291,580 shares during the period. Kinsale Capital Group Inc. grew its stake in Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after buying an additional 13,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Copart during the 3rd quarter valued at $1,206,000. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.

Copart Stock Up 0.0 %

Shares of NASDAQ CPRT opened at $57.32 on Thursday. The stock’s 50-day simple moving average is $59.18 and its two-hundred day simple moving average is $54.88. The firm has a market capitalization of $55.23 billion, a P/E ratio of 40.37 and a beta of 1.33. Copart, Inc. has a twelve month low of $47.92 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. As a group, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the sale, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction dated Thursday, December 5th. The stock was 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 approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. Insiders own 9.68% of the company’s stock.

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.