Pacer Advisors Inc. boosted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,504 shares of the business services provider's stock after purchasing an additional 7,807 shares during the period. Pacer Advisors Inc.'s holdings in Copart were worth $6,916,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Optimum Investment Advisors lifted 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 valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank purchased a new stake in shares of Copart during the third quarter worth $29,000. Quarry LP purchased a new stake in shares of Copart during the third quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart during the third quarter worth $33,000. Finally, True Wealth Design LLC lifted its position in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock worth $34,000 after acquiring an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their target price on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th.
View Our Latest Report on CPRT
Copart Stock Down 1.1 %
Shares of CPRT stock traded down $0.63 on Friday, reaching $57.93. The company's stock had a trading volume of 3,277,569 shares, compared to its average volume of 3,113,497. Copart, Inc. has a 12-month low of $47.92 and a 12-month high of $64.38. The company has a market capitalization of $55.82 billion, a P/E ratio of 40.80 and a beta of 1.33. The stock's 50 day simple moving average is $59.11 and its 200-day simple moving average is $54.93.
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 analysts' consensus estimates 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 the consensus estimate 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% compared to the same quarter last year. Research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.
Insider Buying and Selling
In related news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the sale, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction on 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 transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 650,213 shares of company stock worth $39,199,813. Corporate insiders own 9.68% of the company's stock.
Copart Profile
(
Free Report)
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.
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