1,205,121 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,205,121 shares of the business services provider's stock, valued at approximately $69,162,000. Raymond James Financial Inc. owned about 0.13% of Copart at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. lifted its holdings in Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after acquiring an additional 8,300 shares during the last quarter. National Pension Service lifted its holdings in Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock valued at $89,417,000 after acquiring an additional 48,334 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Copart in the 4th quarter valued at about $3,962,000. Sanctuary Advisors LLC lifted its holdings in Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock valued at $2,765,000 after acquiring an additional 9,222 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its holdings in Copart by 47.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock valued at $22,565,000 after acquiring an additional 126,436 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the SEC, which is accessible 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 value of $1,740,300.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, 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 ninety days, insiders sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is currently owned by corporate insiders.

Copart Trading Down 1.7 %

CPRT stock traded down $0.92 during mid-day trading on Monday, reaching $52.82. 8,140,620 shares of the stock traded hands, compared to its average volume of 4,099,953. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company has a market cap of $51.03 billion, a P/E ratio of 35.45 and a beta of 1.30. The stock's fifty day moving average is $57.05 and its 200-day moving average is $56.01.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current 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.