Copart, Inc. (NASDAQ:CPRT) Director Steven D. Cohan Sells 94,997 Shares of Stock

Copart, Inc. (NASDAQ:CPRT) Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction dated Monday, April 14th. The stock was 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 the SEC website.

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 transaction of $300,230.03.

Copart Stock Up 1.0 %

Shares of NASDAQ:CPRT opened at $60.45 on Wednesday. The firm has a market capitalization of $58.40 billion, a PE ratio of 40.57 and a beta of 1.22. The company has a 50-day moving average price of $56.17 and a two-hundred day moving average price of $56.75. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last released 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. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Copart

Several hedge funds have recently made changes to their positions in the stock. HighPoint Advisor Group LLC grew its holdings in Copart by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock valued at $577,000 after buying an additional 175 shares in the last quarter. Sandy Spring Bank grew its stake in Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after acquiring an additional 184 shares during the period. Nixon Peabody Trust Co. lifted its stake in Copart by 5.0% in the 1st quarter. Nixon Peabody Trust Co. now owns 4,108 shares of the business services provider’s stock worth $232,000 after purchasing an additional 195 shares in the last quarter. Finally, Everpar Advisors LLC boosted its holdings in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 199 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

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.