United Asset Strategies Inc. Has $1.25 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

United Asset Strategies Inc. lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,813 shares of the business services provider’s stock after purchasing an additional 1,143 shares during the period. United Asset Strategies Inc.’s holdings in Copart were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CPRT. Optimum Investment Advisors increased its position in Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the period. Eastern Bank acquired a new stake in Copart in the third quarter valued at $29,000. Quarry LP bought a new position in Copart during the 3rd quarter worth $29,000. Ashton Thomas Securities LLC acquired a new position in Copart during the 3rd quarter worth about $33,000. Finally, True Wealth Design LLC grew its position in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 0.2 %

Shares of NASDAQ CPRT opened at $57.70 on Monday. The company has a market capitalization of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33. Copart, Inc. has a twelve month low of $47.73 and a twelve month high of $64.38. The firm has a fifty day simple moving average of $59.10 and a 200 day simple moving average of $54.83.

Copart (NASDAQ:CPRT) last posted 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 return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman A Jayson Adair sold 251,423 shares of Copart 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 completion of the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock worth $39,199,813 in the last quarter. 9.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

About Copart

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.