Private Trust Co. NA Has $152,000 Stake in Copart, Inc. (NASDAQ:CPRT)

Private Trust Co. NA trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,108 shares of the business services provider’s stock after selling 654 shares during the period. Private Trust Co. NA’s holdings in Copart were worth $152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of Copart during the 3rd quarter valued at about $25,000. Manchester Capital Management LLC boosted its position in shares of Copart by 101.0% during the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares in the last quarter. Quarry LP acquired a new stake in shares of Copart during the 1st quarter valued at about $29,000. Bell Investment Advisors Inc boosted its position in shares of Copart by 87.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 323 shares in the last quarter. Finally, Annapolis Financial Services LLC boosted its position in shares of Copart by 100.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 360 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Copart

In other news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the transaction, the director now owns 35,000 shares in the company, valued at $1,934,450. The disclosure for this sale can be found here. Over the last three months, insiders have sold 985,000 shares of company stock worth $55,519,950. Corporate insiders own 10.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.00.

Copart Stock Down 0.5 %

Shares of CPRT stock opened at $56.28 on Tuesday. Copart, Inc. has a 12-month low of $36.83 and a 12-month high of $58.58. The company has a market capitalization of $54.11 billion, a P/E ratio of 40.49 and a beta of 1.22. The firm has a 50-day moving average price of $53.47 and a 200 day moving average price of $49.41.

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

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.