Sustainable Insight Capital Management LLC Sells 14,575 Shares of Copart, Inc. (NASDAQ:CPRT)

Sustainable Insight Capital Management LLC lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,973 shares of the business services provider’s stock after selling 14,575 shares during the quarter. Copart comprises approximately 1.4% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 23rd largest holding. Sustainable Insight Capital Management LLC’s holdings in Copart were worth $3,155,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Optimum Investment Advisors increased its position in shares of Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank acquired a new stake in shares of Copart in the 3rd quarter valued at approximately $29,000. Quarry LP bought a new position in shares of Copart during the third quarter worth $29,000. Ashton Thomas Securities LLC acquired a new position in Copart in the third quarter valued at about $33,000. Finally, True Wealth Design LLC increased its stake 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 worth $34,000 after purchasing an additional 608 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares in the company, valued at $485,601. This represents a 91.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by company insiders.

Copart Trading Down 0.1 %

NASDAQ:CPRT opened at $57.61 on Friday. The firm has a fifty day simple moving average of $59.08 and a 200 day simple moving average of $54.80. Copart, Inc. has a 1-year low of $47.73 and a 1-year high of $64.38. The stock has a market capitalization of $55.51 billion, a PE ratio of 40.57 and a beta of 1.33.

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

Analyst Ratings Changes

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

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.