Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Fiera Capital Corp

Fiera Capital Corp lifted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 219.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,350,510 shares of the business services provider's stock after purchasing an additional 927,177 shares during the period. Fiera Capital Corp owned about 0.14% of Copart worth $77,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Cadence Bank lifted its stake in shares of Copart by 0.6% in the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after purchasing an additional 178 shares during the period. Everpar Advisors LLC increased its holdings in Copart by 4.3% in 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 in the last quarter. Fifth Third Wealth Advisors LLC increased 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 acquiring an additional 208 shares in the last quarter. Covestor Ltd grew its holdings in shares of Copart by 5.1% during the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider's stock worth $225,000 after buying an additional 209 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Copart by 0.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider's stock worth $1,447,000 after buying an additional 213 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 83,310 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the sale, the director now owns 7,850 shares of the company's stock, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Diane M. Morefield sold 30,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company's stock, valued at $1,160,200. This represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by company insiders.

Copart Stock Down 0.7 %

Shares of Copart stock traded down $0.44 during trading hours on Friday, reaching $59.39. 2,392,531 shares of the company's stock were exchanged, compared to its average volume of 3,039,759. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company has a market capitalization of $57.22 billion, a P/E ratio of 41.82 and a beta of 1.33. The business has a fifty day moving average of $58.29 and a two-hundred day moving average of $55.43.

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

Wall Street Analyst Weigh In

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

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.