There has been some selling insider activity on Copart, Inc. (NASDAQ:CPRT) recently. Yesterday CEO A. Jayson Adair disclosed the sale of 200,000 shares of CPRT stock. The shares were sold on September 23rd for a price of $53.58. The CEO now owns $213,520,747 of the stock according to the SEC filing. Director Matt Blunt sold 65,000 shares at a price of $53.38 on Fri the 23rd. That brings Blunt’s holdings to $0 as reported to the SEC.
Vincent W. Mitz, President let go of $10,674,000 worth of shares at an average price of $53.37 on September 22nd. Mitz now owns $0 of stock per an SEC filing yesterday.
Here are a few additional firms who have increased or decreased their stake in (CPRT). As of the end of the quarter Nomura Holdings Inc had disposed of 5,097 shares trimming its stake by 47.2%. The value of the investment in (CPRT) decreased from $440,000 to $278,000 a change of $162,000 quarter over quarter. Northwestern Mutual Investment Management Company, LLC cut its ownership by selling 399 shares a decrease of 2.3% as of 06/30/2016. Northwestern Mutual Investment Management Company, LLC now controls 17,185 shares worth $842,000. The value of the position overall is up by 17.4%.
Mason Street Advisors, LLC reduced its position by shedding 436 shares a decrease of 1.0% in the quarter. Mason Street Advisors, LLC currently owns 45,392 shares with a value of $2,225,000. The total value of its holdings increased 27.7%. As of quarter end Royal Bank Of Canada had sold a total of 1,178 shares trimming its holdings by 79.6%. The value of the company’s investment in Copart, Inc. went from $60,000 to $15,000 a change of 75.0% quarter to quarter.
September 22 investment analysts at Jefferies made no change to the company rating of “Hold” and raised the price expectation from $53.00 to $55.00. On August 25, 2016 the stock rating was changed to a “Neutral” by Northcoast Research a cut from the previous “” rating.
On August 25 analysts at Susquehanna initiated coverage on CPRT with an initial rating of “Neutral”. On May 27 JP Morgan kept the stock rating at “Hold” but moved up the price target to $53.00 from $41.00.
On April 5, 2016 Gabelli & Co added CPRT to its research portfolio with a rating of “Hold”. On March 21 the company was set at “Neutral” in a report from Bank of America which is down from the previous “Buy” rating.
In the market the company is trading up from yesterday’s close of $53.65. The stock is trading at $54.05 which is marginally over $51.46, the 50 day moving average and just above the 200 day moving average of $47.14. The 50 day moving average was up by +5.02% whereas the 200 day average was up by +14.65%.
The company currently has a P/E ratio of 24.46 and market cap is 5.92B. In the last earnings report the EPS was $2.21 and is expected to be $2.41 for the current year with 109,578,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.55 and the next full year EPS is projected to be $2.63.
Short traders are more bullish on Copart, Inc. if you pay attention to the motion in short interest. The stock had a fall in short interest between August 31, 2016 and September 15, 2016 of -0.11%. Short shares decreased from 5,833,580 to 5,183,806 over that timeframe. The days to cover decreased to 9.0 and the short interest percentage is 0.05% as of September 15.