Copart, Inc. (NASDAQ:CPRT) Holdings Trimmed by West Coast Financial LLC

West Coast Financial LLC cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 15.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,200 shares of the business services provider’s stock after selling 1,164 shares during the quarter. West Coast Financial LLC’s holdings in Copart were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Copart by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,326,381 shares of the business services provider’s stock valued at $126,012,000 after buying an additional 87,718 shares in the last quarter. Virtu Financial LLC raised its position in shares of Copart by 158.2% during the second quarter. Virtu Financial LLC now owns 18,046 shares of the business services provider’s stock worth $977,000 after purchasing an additional 11,058 shares during the period. E Fund Management Co. Ltd. boosted its position in shares of Copart by 11.9% in the 2nd quarter. E Fund Management Co. Ltd. now owns 10,482 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 1,118 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Copart by 1.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 51,662 shares of the business services provider’s stock valued at $2,798,000 after purchasing an additional 576 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in Copart by 13.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,871 shares of the business services provider’s stock worth $751,000 after purchasing an additional 1,691 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 in the last three months. Company insiders own 9.68% of the company’s stock.

Copart Stock Down 0.6 %

CPRT opened at $56.05 on Thursday. The firm has a market capitalization of $54.01 billion, a P/E ratio of 39.47 and a beta of 1.33. Copart, Inc. has a 12-month low of $47.31 and a 12-month high of $64.38. The stock has a fifty day moving average of $59.05 and a 200-day moving average of $54.68.

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

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.