Copart, Inc. (NASDAQ:CPRT) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 304,166 shares of the business services provider’s stock after acquiring an additional 3,627 shares during the quarter. UMB Bank n.a.’s holdings in Copart were worth $17,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cadence Bank boosted its position in shares of Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 178 shares during the period. Everpar Advisors LLC boosted its position in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after buying an additional 199 shares during the period. Duncan Williams Asset Management LLC boosted its position in Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after buying an additional 203 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in Copart by 2.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after buying an additional 208 shares during the period. Finally, Covestor Ltd boosted its position in Copart by 5.1% in the 3rd quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 650,213 shares of company stock valued at $39,199,813. Insiders own 9.68% of the company’s stock.

Copart Stock Up 0.9 %

Shares of CPRT stock opened at $56.90 on Monday. Copart, Inc. has a 52 week low of $47.51 and a 52 week high of $64.38. The stock has a market capitalization of $54.82 billion, a PE ratio of 40.07 and a beta of 1.33. The firm has a 50 day moving average of $59.07 and a two-hundred day moving average of $54.72.

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price target on shares of Copart from $55.00 to $60.00 and gave the company 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.