Tokio Marine Asset Management Co. Ltd. Sells 943 Shares of Copart, Inc. (NASDAQ:CPRT)

Tokio Marine Asset Management Co. Ltd. lowered its position in Copart, Inc. (NASDAQ:CPRT) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,696 shares of the business services provider’s stock after selling 943 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Copart were worth $12,970,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. lifted its position in shares of Copart by 3.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the business services provider’s stock worth $379,000 after buying an additional 268 shares in the last quarter. BSW Wealth Partners increased its stake in Copart by 4.1% during the fourth quarter. BSW Wealth Partners now owns 6,972 shares of the business services provider’s stock worth $342,000 after acquiring an additional 277 shares during the last quarter. Manchester Capital Management LLC increased its stake in Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock worth $27,000 after acquiring an additional 314 shares during the last quarter. Bell Investment Advisors Inc increased its stake in 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 during the last quarter. Finally, Annapolis Financial Services LLC increased its stake in Copart by 100.0% during the third quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRT has been the topic of several analyst reports. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. upped their target price on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.00.

Copart Price Performance

Shares of CPRT traded up $0.62 during mid-day trading on Wednesday, reaching $54.93. 3,716,804 shares of the company’s stock traded hands, compared to its average volume of 4,597,718. Copart, Inc. has a 12 month low of $38.35 and a 12 month high of $58.58. The stock has a market cap of $52.82 billion, a P/E ratio of 39.52 and a beta of 1.22. The stock’s 50-day moving average is $54.62 and its two-hundred day moving average is $50.31.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts predict that Copart, Inc. will post 1.42 earnings per share for the current year.

Insider Buying and Selling

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction on 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 sale, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Matt Blunt sold 100,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock valued at $55,519,950 over the last quarter. 10.23% of the stock is owned by corporate 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.