Copart, Inc. (NASDAQ:CPRT) Insider Sells $3,172,711.59 in Stock

Copart, Inc. (NASDAQ:CPRT) insider William E. Franklin sold 41,007 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $77.37, for a total value of $3,172,711.59. Following the completion of the sale, the insider now owns 58,974 shares in the company, valued at $4,562,818.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ CPRT opened at $77.81 on Friday. The firm has a market capitalization of $17.76 billion, a PE ratio of 44.98, a P/E/G ratio of 1.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.99 and a current ratio of 2.07. Copart, Inc. has a 12-month low of $44.61 and a 12-month high of $78.21. The company has a fifty day moving average of $74.45.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. Copart had a return on equity of 31.33% and a net margin of 28.12%. The company had revenue of $553.12 million for the quarter, compared to analysts’ expectations of $535.62 million. During the same period last year, the firm earned $0.52 earnings per share. Copart’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts expect that Copart, Inc. will post 2.21 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Cordasco Financial Network raised its stake in Copart by 170.7% in the second quarter. Cordasco Financial Network now owns 471 shares of the business services provider’s stock valued at $35,000 after buying an additional 297 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in Copart by 120.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock valued at $25,000 after buying an additional 283 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in Copart in the first quarter valued at $34,000. Meridian Wealth Management LLC acquired a new stake in Copart in the first quarter valued at $40,000. Finally, Quadrant Capital Group LLC raised its stake in Copart by 170.3% in the first quarter. Quadrant Capital Group LLC now owns 1,181 shares of the business services provider’s stock valued at $67,000 after buying an additional 744 shares in the last quarter. Institutional investors own 83.88% of the company’s stock.

Several analysts have recently issued reports on CPRT shares. Guggenheim cut Copart from a “buy” rating to a “neutral” rating and set a $67.07 price objective on the stock. in a research note on Friday, May 17th. Zacks Investment Research upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks increased their price objective on Copart to $78.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Barrington Research reiterated a “hold” rating on shares of Copart in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $66.77.

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.

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