Copart, Inc. (NASDAQ:CPRT) Director Daniel J. Englander Sells 235,480 Shares

Copart, Inc. (NASDAQ:CPRT) Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Copart Price Performance

NASDAQ:CPRT opened at $56.78 on Thursday. Copart, Inc. has a 12-month low of $46.82 and a 12-month high of $64.38. The business has a 50 day simple moving average of $58.71 and a 200 day simple moving average of $54.63. The firm has a market capitalization of $54.71 billion, a P/E ratio of 39.99 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted 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.

Institutional Investors Weigh In On Copart

Several large investors have recently made changes to their positions in the company. Optimum Investment Advisors boosted its position in shares of Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the period. Eastern Bank acquired a new position in Copart during the 3rd quarter worth $29,000. Quarry LP bought a new position in shares of Copart in the third quarter worth $29,000. Meeder Asset Management Inc. increased its holdings in shares of Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 425 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Copart during the third quarter valued at about $33,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

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.