Millburn Ridgefield Corp Acquires New Holdings in Copart, Inc. (NASDAQ:CPRT)

Millburn Ridgefield Corp bought a new position in shares of Copart, Inc. (NASDAQ:CPRTFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,842 shares of the business services provider’s stock, valued at approximately $97,000.

A number of other institutional investors have also recently bought and sold shares of CPRT. Optimum Investment Advisors lifted its position in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank bought a new stake in Copart during the 3rd quarter worth about $29,000. Crewe Advisors LLC boosted its stake in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Copart in the third quarter valued at about $33,000. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on CPRT shares. JPMorgan Chase & Co. increased their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Robert W. Baird lowered their target price 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.

Check Out Our Latest Research Report on Copart

Copart Price Performance

CPRT stock opened at $62.24 on Wednesday. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38. The stock has a market cap of $59.97 billion, a price-to-earnings ratio of 43.83 and a beta of 1.31. The company has a fifty day moving average price of $55.26 and a two-hundred day moving average price of $53.54.

Copart (NASDAQ:CPRTGet Free Report) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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