Nisa Investment Advisors LLC Sells 415 Shares of Copart, Inc. (NASDAQ:CPRT)

Nisa Investment Advisors LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 453,794 shares of the business services provider’s stock after selling 415 shares during the period. Nisa Investment Advisors LLC’s holdings in Copart were worth $26,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPRT. Optimum Investment Advisors lifted its holdings in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new position in Copart during the 3rd quarter valued at about $29,000. Quarry LP bought a new position in Copart during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in Copart during the 3rd quarter valued at about $33,000. Finally, True Wealth Design LLC lifted its holdings in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Copart Trading Up 0.4 %

CPRT opened at $57.66 on Thursday. The stock has a market capitalization of $55.56 billion, a PE ratio of 40.61 and a beta of 1.33. Copart, Inc. has a 1-year low of $47.73 and a 1-year high of $64.38. The firm has a 50-day moving average price of $59.08 and a two-hundred day moving average price of $54.78.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.34 EPS. Copart’s revenue was up 12.4% on a year-over-year basis. On average, research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the transaction, the director now owns 7,850 shares of the company’s stock, valued at approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 in the last quarter. 9.68% of the stock is owned by company insiders.

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.