Copart, Inc. (NASDAQ:CPRT) Shares Bought by Continuum Advisory LLC

Continuum Advisory LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 88.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 962 shares of the business services provider’s stock after purchasing an additional 452 shares during the period. Continuum Advisory LLC’s holdings in Copart were worth $55,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cadence Bank boosted its holdings in Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after buying an additional 178 shares in the last quarter. Spinnaker Trust grew its holdings in shares of Copart by 4.0% in the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after acquiring an additional 200 shares during the last quarter. Values First Advisors Inc. raised its position in shares of Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares during the period. Duncan Williams Asset Management LLC lifted its holdings in shares of Copart by 1.3% during the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 203 shares during the last quarter. Finally, Burney Co. boosted its position in shares of Copart by 1.4% in the 2nd quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 206 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Robert W. Baird cut their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.

Copart Stock Down 0.8 %

Shares of Copart stock opened at $62.08 on Friday. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $64.38. The stock has a market cap of $59.82 billion, a PE ratio of 43.72 and a beta of 1.31. The business has a fifty day simple moving average of $56.84 and a 200-day simple moving average of $53.98.

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

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares in the company, 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. 9.68% of the stock is currently owned by corporate insiders.

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.