14,531 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,531 shares of the business services provider's stock, valued at approximately $761,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Kinsale Capital Group Inc. raised its holdings in shares of Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider's stock worth $4,715,000 after acquiring an additional 13,554 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Copart during the 2nd quarter worth approximately $5,418,000. Assenagon Asset Management S.A. raised its position in shares of Copart by 263.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 651,901 shares of the business services provider's stock valued at $35,307,000 after buying an additional 472,318 shares during the period. Anthracite Investment Company Inc. purchased a new position in Copart in the third quarter worth approximately $2,358,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Copart by 10.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 132,811 shares of the business services provider's stock worth $7,193,000 after acquiring an additional 12,025 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on CPRT shares. Robert W. Baird lowered their target price on shares of Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th.

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of the firm'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 completion of the transaction, the chairman now directly owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.68% of the stock is currently owned by insiders.

Copart Stock Performance

Shares of NASDAQ:CPRT traded down $0.10 on Friday, hitting $61.81. 911,368 shares of the company's stock were exchanged, compared to its average volume of 4,444,697. The firm's 50-day moving average is $55.87 and its 200 day moving average is $53.72. The company has a market capitalization of $59.56 billion, a PE ratio of 43.55 and a beta of 1.31. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $64.38.

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