Stifel Financial Corp Has $43.08 Million Position in Copart, Inc. (NASDAQ:CPRT)

Stifel Financial Corp increased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 822,091 shares of the business services provider's stock after acquiring an additional 19,198 shares during the period. Stifel Financial Corp owned approximately 0.09% of Copart worth $43,078,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. Edgewood Management LLC lifted its holdings in Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock worth $1,077,119,000 after purchasing an additional 125,220 shares during the period. Bank of New York Mellon Corp grew its position in Copart by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider's stock valued at $867,017,000 after buying an additional 1,199,781 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Copart by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider's stock valued at $427,807,000 after buying an additional 30,454 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Copart by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider's stock worth $376,035,000 after buying an additional 598,566 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

NASDAQ CPRT traded up $0.17 on Friday, reaching $62.08. The company's stock had a trading volume of 2,905,943 shares, compared to its average volume of 4,609,977. The firm's 50 day moving average is $56.07 and its two-hundred day moving average is $53.76. The stock has a market cap of $59.82 billion, a PE ratio of 43.72 and a beta of 1.31. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results 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 net margin of 31.92% and a return on equity of 18.96%. The business's quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. Equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPRT. JPMorgan Chase & Co. raised their price objective on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note 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 research report on Thursday, September 5th.

Insider Activity

In other news, Chairman A Jayson Adair sold 251,423 shares of the business'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 sale, the chairman now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.68% of the company's stock.

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.