Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 509,913 shares of the business services provider's stock after buying an additional 12,770 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.05% of Copart worth $25,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Optimum Investment Advisors raised its position in Copart by 141.5% during the 3rd 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 position in Copart during the third quarter worth about $29,000. Quarry LP acquired a new stake in Copart in the third quarter valued at about $29,000. Crewe Advisors LLC boosted its holdings in Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock valued at $31,000 after purchasing an additional 280 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock worth $31,000 after purchasing an additional 425 shares during the period. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CPRT. JPMorgan Chase & Co. raised 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. Robert W. Baird reduced their target price on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, September 5th.

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the firm's stock in a transaction 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 completion of the transaction, the chairman now owns 14,436,557 shares of the company's stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 9.68% of the stock is currently owned by company insiders.

Copart Trading Up 0.3 %

Shares of NASDAQ:CPRT traded up $0.17 during trading on Friday, hitting $62.08. 2,905,943 shares of the stock were exchanged, compared to its average volume of 4,609,977. The company has a market cap of $59.82 billion, a PE ratio of 43.72 and a beta of 1.31. The company has a fifty day moving average price of $56.07 and a two-hundred day moving average price of $53.77. Copart, Inc. has a 12-month low of $46.21 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. Copart's revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Copart 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.