Copart, Inc. (NASDAQ:CPRT) Shares Bought by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 47.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 393,187 shares of the business services provider’s stock after buying an additional 126,436 shares during the period. Copart makes up approximately 1.2% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 23rd largest position. Cobblestone Capital Advisors LLC NY’s holdings in Copart were worth $22,565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cadence Bank raised its stake in Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after acquiring an additional 178 shares in the last quarter. Everpar Advisors LLC increased its position in Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after acquiring an additional 200 shares in the last quarter. Simmons Bank boosted its stake in shares of Copart by 4.4% in the fourth quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 200 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Copart by 2.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Price Performance

Shares of Copart stock opened at $54.80 on Friday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm has a market capitalization of $52.80 billion, a PE ratio of 36.78 and a beta of 1.33. The company’s fifty day moving average price is $57.62 and its two-hundred day moving average price is $55.85.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Copart

In other 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 transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. This represents a 60.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock worth $23,161,540 in the last quarter. 9.68% of the stock is currently owned by company 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.