Silver Oak Securities Incorporated Has $629,000 Stake in Copart, Inc. (NASDAQ:CPRT)

Silver Oak Securities Incorporated raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,817 shares of the business services provider’s stock after buying an additional 589 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Copart were worth $629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC grew its stake in Copart by 12.8% in the third quarter. CWM LLC now owns 34,111 shares of the business services provider’s stock valued at $1,787,000 after acquiring an additional 3,869 shares during the period. Quotient Wealth Partners LLC bought a new position in shares of Copart during the 3rd quarter valued at about $276,000. Tobam grew its position in shares of Copart by 35.0% in the 3rd quarter. Tobam now owns 1,934 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 501 shares during the period. Independence Bank of Kentucky increased its stake in Copart by 12.5% during the 3rd quarter. Independence Bank of Kentucky now owns 13,059 shares of the business services provider’s stock worth $684,000 after purchasing an additional 1,450 shares in the last quarter. Finally, JGP Wealth Management LLC raised its holdings in Copart by 2.6% during the 3rd quarter. JGP Wealth Management LLC now owns 19,924 shares of the business services provider’s stock worth $1,044,000 after buying an additional 504 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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 Price Performance

CPRT opened at $58.21 on Friday. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 40.99 and a beta of 1.33. The business’s 50-day moving average price is $58.59 and its two-hundred day moving average price is $55.13. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.34 EPS. Sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last 90 days. 9.68% of the stock is owned by corporate insiders.

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.