AMG National Trust Bank Acquires New Shares in Copart, Inc. (NASDAQ:CPRT)

AMG National Trust Bank acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,517 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors also recently added to or reduced their stakes in CPRT. Quarry LP acquired a new position in Copart during the 3rd quarter worth $29,000. Ashton Thomas Securities LLC acquired a new position in Copart during the 3rd quarter worth $33,000. True Wealth Design LLC boosted its position 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 worth $34,000 after acquiring an additional 608 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Copart during the 4th quarter worth $54,000. Finally, Continuum Advisory LLC boosted its position in 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. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Up 0.0 %

Shares of Copart stock opened at $53.74 on Friday. The firm has a market cap of $51.92 billion, a price-to-earnings ratio of 36.07 and a beta of 1.30. The business has a fifty day simple moving average of $57.16 and a 200-day simple moving average of $55.98. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion during 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%. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock worth $18,007,983 over the last 90 days. 9.68% of the stock is currently owned by company insiders.

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.