Harel Insurance Investments & Financial Services Ltd. Has $133,000 Position in Copart, Inc. (NASDAQ:CPRT)

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 42.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,323 shares of the business services provider’s stock after acquiring an additional 695 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Copart were worth $133,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Crown Oak Advisors LLC boosted its position in shares of Copart by 11.6% in the fourth quarter. Crown Oak Advisors LLC now owns 169,028 shares of the business services provider’s stock valued at $9,701,000 after acquiring an additional 17,611 shares during the period. Brighton Jones LLC raised its stake in Copart by 92.1% during the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after purchasing an additional 6,817 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Copart by 48.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 421 shares during the period. Janney Montgomery Scott LLC grew its position in Copart by 6.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 397,623 shares of the business services provider’s stock worth $22,820,000 after purchasing an additional 24,191 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Copart by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 104,015 shares of the business services provider’s stock worth $5,969,000 after purchasing an additional 17,561 shares during the period. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

Copart Trading Up 0.2 %

Shares of NASDAQ CPRT opened at $57.70 on Friday. The firm has a market capitalization of $55.60 billion, a price-to-earnings ratio of 40.63 and a beta of 1.33. Copart, Inc. has a one year low of $47.73 and a one year high of $64.38. The business has a fifty day simple moving average of $59.10 and a 200 day simple moving average of $54.82.

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

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction dated 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 of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 over the last quarter. Corporate insiders own 9.68% of the company’s stock.

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.