US Bancorp DE Purchases 8,348 Shares of Copart, Inc. (NASDAQ:CPRT)

US Bancorp DE raised its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,479,869 shares of the business services provider's stock after buying an additional 8,348 shares during the period. US Bancorp DE owned about 0.15% of Copart worth $84,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Cadence Bank grew its position in Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after buying an additional 178 shares during the period. Everpar Advisors LLC boosted its stake in shares of Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after acquiring an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after acquiring an additional 200 shares during the period. Simmons Bank increased its stake in shares of Copart by 4.4% in the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider's stock worth $271,000 after purchasing an additional 200 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Copart by 2.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider's stock worth $529,000 after purchasing an additional 208 shares during the period. 85.78% of the stock is owned by institutional investors.

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Copart Trading Up 0.3 %

NASDAQ CPRT traded up $0.15 on Wednesday, reaching $54.41. 6,079,368 shares of the stock were exchanged, compared to its average volume of 4,081,137. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The firm has a market capitalization of $52.57 billion, a PE ratio of 36.52 and a beta of 1.30. The company's 50-day simple moving average is $57.45 and its two-hundred day simple moving average is $55.96.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th.

Insider Activity

In other news, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 398,790 shares of company stock worth $23,161,540 over the last ninety days. Corporate insiders own 9.68% of the company's stock.

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.