Brighton Jones LLC Purchases 6,817 Shares of Copart, Inc. (NASDAQ:CPRT)

Brighton Jones LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 92.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,215 shares of the business services provider’s stock after purchasing an additional 6,817 shares during the quarter. Brighton Jones LLC’s holdings in Copart were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Optimum Investment Advisors raised 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 buying an additional 300 shares in the last quarter. Eastern Bank bought a new position in Copart in the 3rd quarter worth about $29,000. Quarry LP purchased a new stake in shares of Copart in the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart during the 3rd quarter valued at about $33,000. Finally, True Wealth Design LLC grew its holdings in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was 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 directly owns 20,000 shares in the company, valued at $1,160,200. This represents a 60.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by insiders.

Copart Stock Up 0.2 %

NASDAQ CPRT opened at $57.70 on Friday. The stock’s 50-day simple moving average is $59.10 and its two-hundred day simple moving average is $54.82. Copart, Inc. has a twelve month low of $47.73 and a twelve month high of $64.38. The company has a market capitalization of $55.60 billion, a price-to-earnings ratio of 40.63 and a beta of 1.33.

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

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.