Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 89,678 shares of the business services provider’s stock after purchasing an additional 472 shares during the quarter. Donaldson Capital Management LLC’s holdings in Copart were worth $5,147,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mn Services Vermogensbeheer B.V. lifted its position in shares of Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service lifted its position in shares of Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Copart during the fourth quarter worth $3,962,000. Sanctuary Advisors LLC lifted its position in shares of Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its position in shares of Copart by 47.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock worth $22,565,000 after purchasing an additional 126,436 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Price Performance

CPRT opened at $52.82 on Tuesday. The stock has a market capitalization of $51.03 billion, a PE ratio of 35.45 and a beta of 1.30. The firm’s fifty day moving average price is $57.05 and its 200 day moving average price is $56.01. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 have sold 315,480 shares of company stock valued at $18,007,983 over the last ninety days. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

Copart Company Profile

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.