Copart, Inc. (NASDAQ:CPRT) Shares Bought by Roundview Capital LLC

Roundview Capital LLC raised its position in Copart, Inc. (NASDAQ:CPRTFree Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,322 shares of the business services provider’s stock after purchasing an additional 454 shares during the period. Roundview Capital LLC’s holdings in Copart were worth $2,711,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CPRT. Vanguard Group Inc. boosted its stake in Copart by 100.6% in the 3rd quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock worth $4,201,821,000 after buying an additional 48,891,984 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Copart by 84.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,929,180 shares of the business services provider’s stock valued at $772,568,000 after purchasing an additional 8,205,757 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Copart by 79.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,359,152 shares of the business services provider’s stock valued at $748,006,000 after purchasing an additional 7,666,881 shares in the last quarter. FMR LLC lifted its stake in shares of Copart by 93.6% in the 3rd quarter. FMR LLC now owns 14,733,860 shares of the business services provider’s stock valued at $634,882,000 after purchasing an additional 7,122,991 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Copart by 102.2% in the 3rd quarter. Morgan Stanley now owns 9,725,148 shares of the business services provider’s stock valued at $419,057,000 after purchasing an additional 4,915,348 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In other news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. Company insiders own 10.23% of the company’s stock.

Copart Stock Down 1.1 %

CPRT stock traded down $0.59 during trading on Wednesday, reaching $52.14. 4,790,377 shares of the company’s stock were exchanged, compared to its average volume of 4,434,535. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The company’s fifty day moving average price is $55.29 and its 200-day moving average price is $51.96. The firm has a market cap of $50.17 billion, a PE ratio of 36.72 and a beta of 1.22.

Copart (NASDAQ:CPRTGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Copart had a return on equity of 20.80% and a net margin of 33.33%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts expect that Copart, Inc. will post 1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CPRT. JPMorgan Chase & Co. raised their target price on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.00.

Get Our Latest Stock Report on Copart

Copart Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRTFree Report).

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.