Wilmington Savings Fund Society FSB Boosts Stock Position in Copart, Inc. (NASDAQ:CPRT)

Wilmington Savings Fund Society FSB lifted its position in Copart, Inc. (NASDAQ:CPRT) by 4.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,290 shares of the business services provider’s stock after buying an additional 246 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Copart were worth $361,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Optimum Investment Advisors grew its stake in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank purchased a new stake in shares of Copart during the third quarter worth about $29,000. Quarry LP purchased a new position in shares of Copart in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in Copart in the 3rd quarter worth approximately $33,000. Finally, True Wealth Design LLC increased its stake in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $13,384,683.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 650,213 shares of company stock worth $39,199,813. Company insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Price Performance

Shares of Copart stock opened at $59.23 on Wednesday. The firm has a fifty day moving average price of $58.46 and a 200 day moving average price of $55.29. The stock has a market cap of $57.07 billion, a PE ratio of 41.71 and a beta of 1.33. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly 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. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted $0.34 earnings per share. Copart’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

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.