Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,196 shares of the business services provider’s stock after purchasing an additional 3,670 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Copart were worth $1,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after buying an additional 941,858 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Copart in the third quarter worth $212,000. Metis Global Partners LLC raised its holdings in shares of Copart by 4.7% during the third quarter. Metis Global Partners LLC now owns 39,140 shares of the business services provider’s stock worth $2,051,000 after purchasing an additional 1,757 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Copart by 1.8% during the third quarter. OneDigital Investment Advisors LLC now owns 19,298 shares of the business services provider’s stock valued at $1,011,000 after purchasing an additional 337 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Copart by 5.7% in the third quarter. CIBC Asset Management Inc now owns 288,490 shares of the business services provider’s stock valued at $15,117,000 after purchasing an additional 15,577 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

CPRT opened at $52.65 on Friday. The company has a fifty day moving average of $56.71 and a two-hundred day moving average of $55.99. The stock has a market capitalization of $50.86 billion, a price-to-earnings ratio of 35.34 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPRT has been the subject of a number of recent research reports. Argus lowered Copart from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Insider Transactions at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the 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 completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock valued at $18,007,983 in the last three months. 9.68% of the stock is currently owned by company insiders.

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.