Chesley Taft & Associates LLC Purchases 4,985 Shares of Copart, Inc. (NASDAQ:CPRT)

Chesley Taft & Associates LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 30.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,155 shares of the business services provider’s stock after buying an additional 4,985 shares during the period. Chesley Taft & Associates LLC’s holdings in Copart were worth $1,214,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its position in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank purchased a new stake in shares of Copart in the third quarter valued at $29,000. Quarry LP bought a new stake in shares of Copart in the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Copart during the 3rd quarter worth about $33,000. Finally, True Wealth Design LLC grew its holdings in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 0.9 %

Shares of Copart stock opened at $57.44 on Wednesday. The stock’s fifty day moving average is $59.08 and its two-hundred day moving average is $54.76. Copart, Inc. has a 52 week low of $47.73 and a 52 week high of $64.38. The company has a market capitalization of $55.35 billion, a PE ratio of 40.45 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the 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 three months, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% 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.