Securian Asset Management Inc. Cuts Stock Position in Copart, Inc. (NASDAQ:CPRT)

Securian Asset Management Inc. lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,117 shares of the business services provider’s stock after selling 1,315 shares during the period. Securian Asset Management Inc.’s holdings in Copart were worth $2,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Copart in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart in the 3rd quarter worth approximately $33,000. True Wealth Design LLC grew its stake in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the 4th quarter worth approximately $54,000. Finally, Continuum Advisory LLC grew its stake in shares of Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after buying an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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 note on Tuesday, November 19th.

Copart Trading Up 0.2 %

Shares of CPRT opened at $53.04 on Thursday. The business’s fifty day simple moving average is $56.87 and its two-hundred day simple moving average is $55.99. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company has a market cap of $51.24 billion, a price-to-earnings ratio of 35.60 and a beta of 1.30.

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

Insider Buying and Selling at Copart

In other news, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,480 shares of company stock worth $18,007,983. Insiders own 9.68% of the company’s stock.

Copart Company 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.