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

Capital Investment Advisors LLC raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 9.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 33,728 shares of the business services provider’s stock after buying 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its holdings in shares of Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares during the period. Geode Capital Management LLC increased its position in shares of Copart by 1.6% in the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after acquiring an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. raised its stake in shares of Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after acquiring an additional 13,554 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Copart during the 2nd quarter valued at $5,418,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in Copart during the 3rd quarter worth $1,206,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Trading Down 0.0 %

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

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm 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 revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. On average, research analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now directly owns 7,850 shares of the company’s stock, valued at $485,601. The trade was a 91.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 650,213 shares of company stock valued at $39,199,813. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

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

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.