Copart, Inc. (NASDAQ:CPRT) Shares Bought by US Bancorp DE

US Bancorp DE lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,479,869 shares of the business services provider’s stock after buying an additional 8,348 shares during the quarter. US Bancorp DE owned about 0.15% of Copart worth $84,930,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CPRT. Quarry LP purchased a new position in Copart during the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Copart in the third quarter valued at approximately $33,000. True Wealth Design LLC grew its position in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after acquiring an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the 4th quarter valued at $54,000. Finally, Continuum Advisory LLC raised its position in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 0.8 %

Shares of CPRT stock opened at $54.80 on Friday. The stock’s 50-day moving average price is $57.62 and its 200 day moving average price is $55.89. The stock has a market capitalization of $52.80 billion, a PE ratio of 36.78 and a beta of 1.33. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value 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 $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 398,790 shares of company stock worth $23,161,540. 9.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on shares of 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.