Renasant Bank Has $568,000 Stock Position in Copart, Inc. (NASDAQ:CPRT)

Renasant Bank grew its position in Copart, Inc. (NASDAQ:CPRT) by 26.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,892 shares of the business services provider’s stock after acquiring an additional 2,064 shares during the quarter. Renasant Bank’s holdings in Copart were worth $568,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CPRT. Quarry LP acquired a new position in shares of Copart in the third quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in Copart in the 3rd quarter valued at $33,000. True Wealth Design LLC raised its stake in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Copart during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Price Performance

Shares of Copart stock opened at $52.30 on Friday. The firm has a market cap of $50.53 billion, a P/E ratio of 35.10 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm has a 50 day simple moving average of $56.87 and a 200 day simple moving average of $55.99.

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, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Over the last quarter, insiders have sold 315,480 shares of company stock worth $18,007,983. Insiders own 9.68% of the company’s stock.

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.