Trading Report: Today, 26,075 Shares of Stock are sold by Copart Inc. (CPRT) Director James E. Meeks

Today, 26,075 Shares of Stock are sold by Copart Inc. (CPRT) Director James E. Meeks

Copart Inc. (NASDAQ:CPRT) Director James E. Meeks sold 26,075 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $54.14, for a total transaction of $1,411,700.50. Following the sale, the director now owns 26,075 shares of the company’s stock, valued at approximately $1,411,700.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Copart Inc. (NASDAQ:CPRT) opened at 53.98 on Monday. The stock has a 50 day moving average of $52.29 and a 200-day moving average of $48.24. Copart Inc. has a one year low of $32.26 and a one year high of $54.85. The stock has a market cap of $6.16 billion, a P/E ratio of 24.43 and a beta of 0.95.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Tuesday, September 20th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The business earned $332.70 million during the quarter. Copart had a net margin of 21.25% and a return on equity of 31.42%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Analysts anticipate that Copart Inc. will post $2.42 EPS for the current year.

CPRT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Northcoast Research cut shares of Copart from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. Bank of America Corp. upgraded shares of Copart from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $63.00 in a research note on Friday, September 23rd. Stephens set a $61.00 price target on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Finally, Susquehanna initiated coverage on shares of Copart in a research note on Thursday, August 25th. They set a “neutral” rating and a $53.00 price target for the company. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Copart currently has an average rating of “Hold” and an average price target of $55.57.

Several hedge funds have recently modified their holdings of the company. CIBC World Markets Inc. bought a new stake in shares of Copart during the first quarter worth about $350,000. BlackRock Inc. raised its stake in shares of Copart by 40.0% in the first quarter. BlackRock Inc. now owns 51,261 shares of the company’s stock worth $2,090,000 after buying an additional 14,634 shares during the period. BlackRock Group LTD raised its stake in shares of Copart by 56.0% in the first quarter. BlackRock Group LTD now owns 85,625 shares of the company’s stock worth $3,491,000 after buying an additional 30,723 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Copart by 27.5% in the first quarter. JPMorgan Chase & Co. now owns 89,645 shares of the company’s stock worth $3,655,000 after buying an additional 19,317 shares during the period. Finally, Ancora Inverness LLC bought a new stake in shares of Copart during the first quarter worth about $207,000. Institutional investors and hedge funds own 80.14% of the company’s stock.

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