Mitchell Capital Management Co. Sells 702 Shares of Copart, Inc. (NASDAQ:CPRT)

Mitchell Capital Management Co. lowered its position in Copart, Inc. (NASDAQ:CPRT) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 126,709 shares of the business services provider’s stock after selling 702 shares during the period. Copart accounts for about 1.3% of Mitchell Capital Management Co.’s holdings, making the stock its 20th biggest position. Mitchell Capital Management Co.’s holdings in Copart were worth $7,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPRT. Quarry LP bought a new position in Copart in the third quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Copart during the third quarter valued at approximately $33,000. True Wealth Design LLC boosted its position in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Copart during the fourth quarter valued at approximately $54,000. Finally, Continuum Advisory LLC boosted its position in shares of Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 398,790 shares of company stock valued at $23,161,540. 9.68% of the stock is owned by insiders.

Copart Price Performance

NASDAQ CPRT opened at $54.80 on Friday. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The firm has a market cap of $52.80 billion, a price-to-earnings ratio of 36.78 and a beta of 1.33. The company has a fifty day moving average price of $57.62 and a 200-day moving average price of $55.89.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.