Pittenger & Anderson Inc. increased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 30.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,145 shares of the business services provider's stock after acquiring an additional 23,052 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Copart were worth $5,633,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in CPRT. Sanctuary Advisors LLC lifted its stake in Copart by 5.8% in the fourth quarter. Sanctuary Advisors LLC now owns 55,822 shares of the business services provider's stock valued at $3,269,000 after buying an additional 3,055 shares during the period. Catalyst Capital Advisors LLC lifted its stake in Copart by 82.1% in the fourth quarter. Catalyst Capital Advisors LLC now owns 3,219 shares of the business services provider's stock valued at $185,000 after buying an additional 1,451 shares during the period. Blue Zone Wealth Advisors LLC lifted its stake in Copart by 2.5% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 103,758 shares of the business services provider's stock valued at $5,955,000 after buying an additional 2,516 shares during the period. Nkcfo LLC acquired a new stake in shares of Copart during the fourth quarter worth about $143,000. Finally, Sheaff Brock Investment Advisors LLC raised its position in shares of Copart by 4.5% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 7,109 shares of the business services provider's stock worth $408,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. raised their price target on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th.
View Our Latest Stock Analysis on CPRT
Insider Activity at Copart
In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the business'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 transaction of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. 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 the business's stock in a transaction that occurred on Monday, January 6th. The stock was 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. In the last quarter, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by insiders.
Copart Trading Down 0.7 %
Shares of NASDAQ CPRT traded down $0.41 during mid-day trading on Thursday, reaching $59.33. 463,312 shares of the company's stock were exchanged, compared to its average volume of 3,218,617. The firm has a market capitalization of $57.16 billion, a price-to-earnings ratio of 41.75 and a beta of 1.33. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The business has a fifty day simple moving average of $58.14 and a 200 day simple moving average of $55.59.
Copart (NASDAQ:CPRT - Get Free Report) last announced 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. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm earned $0.34 EPS. Copart's revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.
Copart Company Profile
(
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.
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