Janney Montgomery Scott LLC Has $22.82 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Janney Montgomery Scott LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 397,623 shares of the business services provider’s stock after purchasing an additional 24,191 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Copart were worth $22,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cadence Bank boosted its stake in Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after buying an additional 178 shares in the last quarter. Everpar Advisors LLC boosted its position in shares of Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 199 shares in the last quarter. Duncan Williams Asset Management LLC increased its stake in Copart by 1.3% in the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 203 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Copart by 2.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock worth $529,000 after purchasing an additional 208 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Copart by 5.1% during the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock worth $225,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds 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 report on Tuesday, November 19th.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $57.70 on Friday. The company has a market capitalization of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33. The company’s fifty day moving average is $59.10 and its 200-day moving average is $54.82. Copart, Inc. has a 52 week low of $47.73 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the business’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 directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 in the last three months. Corporate 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.