Millington Financial Advisors LLC Sells 395 Shares of Copart, Inc. (NASDAQ:CPRT)

Millington Financial Advisors LLC lessened its position in Copart, Inc. (NASDAQ:CPRT) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,468 shares of the business services provider’s stock after selling 395 shares during the quarter. Copart accounts for approximately 1.2% of Millington Financial Advisors LLC’s portfolio, making the stock its 28th largest holding. Millington Financial Advisors LLC’s holdings in Copart were worth $1,444,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPRT. OFI Invest Asset Management bought a new position in shares of Copart during the 3rd quarter valued at about $25,000. Manchester Capital Management LLC grew its position in Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares during the last quarter. Bell Investment Advisors Inc raised its stake in shares of Copart by 87.1% during the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after acquiring an additional 323 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of Copart in the 4th quarter worth approximately $34,000. Finally, Annapolis Financial Services LLC boosted its stake in shares of Copart by 100.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their target price on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.00.

Copart Trading Up 1.9 %

Copart stock traded up $1.01 during trading hours on Tuesday, hitting $54.31. 3,581,652 shares of the stock traded hands, compared to its average volume of 4,608,911. Copart, Inc. has a one year low of $38.35 and a one year high of $58.58. The firm’s 50-day moving average price is $54.50 and its two-hundred day moving average price is $50.28. The company has a market cap of $52.22 billion, a PE ratio of 39.07 and a beta of 1.22.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, sell-side analysts expect that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the sale, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock valued at $55,519,950 in the last three months. 10.23% of the stock is currently owned by company insiders.

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.