Capital Investment Advisors LLC Raises Stock Position in Copart, Inc. (NASDAQ:CPRT)

Capital Investment Advisors LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,728 shares of the business services provider’s stock after acquiring an additional 2,852 shares during the quarter. Capital Investment Advisors LLC’s holdings in Copart were worth $1,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Optimum Investment Advisors boosted its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank purchased a new stake in shares of Copart in the 3rd quarter worth about $29,000. Quarry LP acquired a new stake in Copart in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. increased its holdings in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Copart during the third quarter worth about $33,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

Copart Stock Down 0.0 %

Shares of NASDAQ:CPRT opened at $55.63 on Tuesday. The company has a market capitalization of $53.60 billion, a P/E ratio of 39.18 and a beta of 1.33. The stock’s fifty day simple moving average is $58.96 and its 200-day simple moving average is $54.65. Copart, Inc. has a 52-week low of $47.31 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.