Insider Selling: Copart, Inc. (CPRT) Director Sells 140,000 Shares of Stock

Copart, Inc. (NASDAQ:CPRT) Director Thomas N. Tryforos sold 140,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $57.51, for a total value of $8,051,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of CPRT stock traded up $0.38 on Thursday, hitting $58.08. 71,093 shares of the company’s stock were exchanged, compared to its average volume of 2,512,685. The company has a quick ratio of 2.27, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Copart, Inc. has a 12 month low of $30.30 and a 12 month high of $58.00. The company has a market cap of $13.37 billion, a P/E ratio of 45.00, a P/E/G ratio of 1.40 and a beta of 0.99.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, May 23rd. The business services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Copart had a return on equity of 31.21% and a net margin of 21.81%. The business had revenue of $478.20 million during the quarter, compared to the consensus estimate of $434.74 million. During the same period in the prior year, the company earned $0.38 EPS. equities research analysts anticipate that Copart, Inc. will post 1.79 earnings per share for the current fiscal year.

CPRT has been the subject of a number of recent analyst reports. SunTrust Banks initiated coverage on Copart in a research report on Thursday, March 22nd. They set a “buy” rating and a $58.00 target price for the company. Guggenheim started coverage on Copart in a research report on Tuesday, April 17th. They set a “buy” rating and a $58.00 price objective for the company. ValuEngine upgraded Copart from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Copart from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, Consumer Edge upgraded Copart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 27th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $50.63.

A number of institutional investors have recently bought and sold shares of CPRT. Bank of Montreal Can raised its position in Copart by 41.1% in the fourth quarter. Bank of Montreal Can now owns 45,530 shares of the business services provider’s stock valued at $1,966,000 after purchasing an additional 13,263 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Copart by 44.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,684 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 3,620 shares during the last quarter. Victory Capital Management Inc. raised its position in Copart by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 76,546 shares of the business services provider’s stock valued at $3,306,000 after purchasing an additional 8,597 shares during the last quarter. Aperio Group LLC raised its position in Copart by 6.0% in the fourth quarter. Aperio Group LLC now owns 119,531 shares of the business services provider’s stock valued at $5,163,000 after purchasing an additional 6,806 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in Copart by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock valued at $1,839,000 after purchasing an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 80.83% 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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

Insider Buying and Selling by Quarter for Copart (NASDAQ:CPRT)

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