Copart, Inc. (NASDAQ:CPRT) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 19.3% during the fourth quarter, HoldingsChannel reports. The firm owned 95,598 shares of the business services provider’s stock after purchasing an additional 15,452 shares during the quarter. M&T Bank Corp’s holdings in Copart were worth $5,486,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Copart during the third quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart in the third quarter worth $33,000. True Wealth Design LLC increased its stake in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after buying an additional 452 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Copart in the fourth quarter worth $54,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Copart Trading Up 0.0 %

Shares of NASDAQ:CPRT opened at $53.74 on Friday. The company has a fifty day simple moving average of $57.25 and a 200 day simple moving average of $55.94. The firm has a market cap of $51.92 billion, a PE ratio of 36.07 and a beta of 1.30. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last released its 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. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In other Copart 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 transaction of $13,384,683.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock worth $18,007,983 over the last 90 days. 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.