Copart, Inc. $CPRT Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 79.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,767 shares of the business services provider’s stock after acquiring an additional 15,363 shares during the period. Jones Financial Companies Lllp’s holdings in Copart were worth $1,560,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Copart by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 106,408,868 shares of the business services provider’s stock valued at $5,221,483,000 after purchasing an additional 2,144,946 shares in the last quarter. Principal Financial Group Inc. increased its stake in Copart by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 40,175,058 shares of the business services provider’s stock worth $1,806,674,000 after purchasing an additional 1,236,101 shares in the last quarter. State Street Corp raised its holdings in shares of Copart by 3.3% during the second quarter. State Street Corp now owns 36,406,503 shares of the business services provider’s stock valued at $1,786,467,000 after acquiring an additional 1,167,265 shares during the period. Geode Capital Management LLC raised its stake in Copart by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 20,462,076 shares of the business services provider’s stock valued at $999,305,000 after purchasing an additional 656,333 shares during the period. Finally, Norges Bank purchased a new stake in Copart in the 2nd quarter worth about $549,448,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Down 0.1%

CPRT stock opened at $40.30 on Tuesday. Copart, Inc. has a twelve month low of $37.41 and a twelve month high of $63.85. The company has a market cap of $39.01 billion, a PE ratio of 24.57 and a beta of 1.08. The business’s 50-day simple moving average is $39.60 and its 200 day simple moving average is $43.05.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, November 20th. The business services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. Copart had a return on equity of 17.78% and a net margin of 34.24%.The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPRT. CJS Securities raised shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Barclays reiterated an “underweight” rating and set a $33.00 price target (up previously from $32.00) on shares of Copart in a research note on Friday, November 21st. JPMorgan Chase & Co. reduced their target price on Copart from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Finally, Robert W. Baird reduced their price objective on shares of Copart from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Copart currently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Insider Buying and Selling

In other Copart news, Director Thomas N. Tryforos sold 100,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Liaw sold 25,137 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the sale, the chief executive officer owned 55,970 shares in the company, valued at $2,248,314.90. This represents a 30.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.60% of the company’s stock.

About Copart

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.