Vanguard Personalized Indexing Management LLC Grows Stock Position in Copart, Inc. (NASDAQ:CPRT)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRTFree Report) by 5.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 82,088 shares of the business services provider’s stock after purchasing an additional 4,478 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Copart were worth $4,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CPRT. OFI Invest Asset Management purchased a new stake in shares of Copart during the 3rd quarter valued at about $25,000. Manchester Capital Management LLC grew its stake in shares of Copart by 101.0% during the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares during the period. Bell Investment Advisors Inc grew its stake in shares of Copart by 87.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 323 shares during the period. Fortitude Family Office LLC bought a new position in shares of Copart during the 4th quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Copart by 98.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 818 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 406 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity

In other news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction that occurred 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 transaction, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 sale, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. In the last ninety days, insiders sold 985,000 shares of company stock worth $55,519,950. 10.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPRT. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price objective on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.00.

Get Our Latest Research Report on Copart

Copart Stock Up 1.7 %

CPRT stock traded up $0.91 during midday trading on Wednesday, hitting $55.31. The company’s stock had a trading volume of 4,145,596 shares, compared to its average volume of 4,467,367. Copart, Inc. has a 12 month low of $40.22 and a 12 month high of $58.58. The firm has a market capitalization of $53.18 billion, a price-to-earnings ratio of 39.79 and a beta of 1.22. The company has a 50 day moving average of $55.67 and a two-hundred day moving average of $51.38.

Copart (NASDAQ:CPRTGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

About Copart

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRTFree Report).

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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