Baader Bank Aktiengesellschaft Lowers Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Baader Bank Aktiengesellschaft trimmed its position in Copart, Inc. (NASDAQ:CPRT) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,660 shares of the business services provider’s stock after selling 4,825 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Copart were worth $1,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Optimum Investment Advisors raised its holdings in Copart by 141.5% in the third 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 purchased a new position in shares of Copart in the 3rd quarter worth approximately $29,000. Quarry LP bought a new position in shares of Copart during the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart during the third quarter valued at approximately $33,000. Finally, True Wealth Design LLC boosted its stake in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 608 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.0 %

CPRT opened at $57.32 on Thursday. Copart, Inc. has a 52 week low of $47.92 and a 52 week high of $64.38. The business’s 50 day moving average is $59.18 and its two-hundred day moving average is $54.88. The firm has a market cap of $55.23 billion, a price-to-earnings ratio of 40.37 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 (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $0.34 EPS. Copart’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price objective 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 at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by corporate insiders.

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.