Sanctuary Advisors LLC Purchases 9,222 Shares of Copart, Inc. (NASDAQ:CPRT)

Sanctuary Advisors LLC lifted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 21.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,767 shares of the business services provider's stock after buying an additional 9,222 shares during the quarter. Sanctuary Advisors LLC's holdings in Copart were worth $2,765,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in Copart by 14.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 19,970 shares of the business services provider's stock valued at $1,082,000 after purchasing an additional 2,453 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Copart by 2.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 480,144 shares of the business services provider's stock valued at $26,005,000 after buying an additional 12,046 shares during the period. Aaron Wealth Advisors LLC purchased a new position in Copart during the second quarter worth about $226,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Copart during the 2nd quarter valued at about $444,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Copart in the second quarter worth $158,000. 85.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective 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 decreased their price target on Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th.

Insiders Place Their Bets

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now directly owns 7,850 shares of the company's stock, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.68% of the company's stock.

Copart Stock Down 0.7 %

CPRT opened at $60.67 on Wednesday. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $64.38. The stock has a market cap of $58.46 billion, a PE ratio of 42.73 and a beta of 1.31. The business has a 50 day moving average of $57.30 and a 200-day moving average of $54.17.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $1.15 billion during 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 company's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS 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.