Sigma Planning Corp Sells 5,045 Shares of Copart, Inc. (NASDAQ:CPRT)

Sigma Planning Corp cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,727 shares of the business services provider’s stock after selling 5,045 shares during the period. Sigma Planning Corp’s holdings in Copart were worth $1,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Eastern Bank bought a new stake in Copart during the third quarter worth $29,000. Private Advisor Group LLC grew its stake in shares of Copart by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider’s stock worth $1,363,000 after acquiring an additional 230 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Copart in the 3rd quarter worth $4,330,000. Hennion & Walsh Asset Management Inc. grew its position in Copart by 26.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 25,232 shares of the business services provider’s stock worth $1,322,000 after purchasing an additional 5,262 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its position in Copart by 12.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 10,228 shares of the business services provider’s stock worth $532,000 after purchasing an additional 1,138 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $56.61 on Monday. The company has a market capitalization of $54.55 billion, a PE ratio of 38.00 and a beta of 1.33. The business has a fifty day moving average price of $57.97 and a two-hundred day moving average price of $55.73. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

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

Analysts Set New Price Targets

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

Insider Activity

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders sold 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.

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.