Copart, Inc. (NASDAQ:CPRT) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,377 shares of the business services provider's stock after purchasing an additional 20,333 shares during the period. HighTower Advisors LLC's holdings in Copart were worth $12,109,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CPRT. Optimum Investment Advisors grew its stake in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock worth $27,000 after purchasing an additional 300 shares during the period. Eastern Bank bought a new stake in Copart in the third quarter worth $29,000. Crewe Advisors LLC boosted its holdings in Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock worth $31,000 after acquiring an additional 280 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock worth $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Copart in the third quarter worth $33,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, the chairman now directly owns 14,436,557 shares in the company, 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 through the SEC website. Corporate insiders own 9.68% of the company's stock.

Copart Price Performance

Shares of NASDAQ:CPRT traded up $0.17 during trading on Friday, hitting $62.08. 2,905,943 shares of the company's stock were exchanged, compared to its average volume of 4,609,977. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $64.38. The business's 50-day simple moving average is $56.07 and its 200 day simple moving average is $53.76. The company has a market cap of $59.82 billion, a price-to-earnings ratio of 43.72 and a beta of 1.31.

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 the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm's revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.