Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,513 shares of the business services provider’s stock after purchasing an additional 1,232 shares during the period. Crestwood Advisors Group LLC’s holdings in Copart were worth $1,062,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Kieckhefer Group LLC acquired a new position in shares of Copart in the fourth quarter worth $3,962,000. Sanctuary Advisors LLC boosted its holdings in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the period. Geode Capital Management LLC grew its stake in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after purchasing an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. increased its holdings in Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after purchasing an additional 13,554 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in Copart during the 3rd quarter worth about $1,206,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were 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 owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 398,790 shares of company stock worth $23,161,540. 9.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Copart Trading Up 0.3 %

Shares of NASDAQ:CPRT opened at $56.75 on Tuesday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company’s 50 day moving average is $57.89 and its two-hundred day moving average is $55.78. The company has a market cap of $54.68 billion, a PE ratio of 38.09 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Copart 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.