Rowlandmiller & PARTNERS.ADV Sells 5,594 Shares of Copart, Inc. (NASDAQ:CPRT)

Rowlandmiller & PARTNERS.ADV lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 111,289 shares of the business services provider’s stock after selling 5,594 shares during the quarter. Copart makes up 1.3% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 23rd biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Copart were worth $6,387,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CPRT. Jensen Investment Management Inc. increased its position in shares of Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock valued at $185,299,000 after purchasing an additional 3,398,423 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock valued at $149,471,000 after purchasing an additional 2,084,626 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in shares of Copart by 706.6% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock valued at $83,153,000 after purchasing an additional 1,390,146 shares during the last quarter. PineStone Asset Management Inc. increased its position in shares of Copart by 192.4% during the 4th quarter. PineStone Asset Management Inc. now owns 1,585,400 shares of the business services provider’s stock valued at $90,986,000 after purchasing an additional 1,043,200 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Copart by 1,103.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,062,931 shares of the business services provider’s stock valued at $55,698,000 after purchasing an additional 974,585 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The stock was 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 have sold 650,213 shares of company stock valued at $39,199,813 in the last quarter. 9.68% of the stock is owned by insiders.

Analyst Ratings Changes

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

Copart Stock Down 2.8 %

Shares of Copart stock opened at $56.61 on Monday. The stock’s fifty day moving average is $57.97 and its two-hundred day moving average is $55.73. The company has a market capitalization of $54.55 billion, a PE ratio of 38.00 and a beta of 1.33. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.