Charles Schwab Investment Management Inc. Has $244.88 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Charles Schwab Investment Management Inc. boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,997,638 shares of the business services provider’s stock after purchasing an additional 185,974 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.52% of Copart worth $244,884,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CPRT. Savant Capital LLC grew its holdings in shares of Copart by 3.8% during the fourth quarter. Savant Capital LLC now owns 6,933 shares of the business services provider’s stock valued at $340,000 after buying an additional 251 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Copart by 3.6% during the fourth quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the business services provider’s stock valued at $379,000 after buying an additional 268 shares during the last quarter. BSW Wealth Partners grew its holdings in shares of Copart by 4.1% during the fourth quarter. BSW Wealth Partners now owns 6,972 shares of the business services provider’s stock valued at $342,000 after buying an additional 277 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after buying an additional 314 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in shares of Copart by 87.1% during the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after buying an additional 323 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders sold a total of 985,000 shares of company stock valued at $55,519,950 in the last quarter. Corporate insiders own 10.23% of the company’s stock.

Copart Trading Down 1.4 %

Shares of NASDAQ:CPRT opened at $55.16 on Thursday. The company has a 50 day moving average of $55.57 and a 200 day moving average of $50.98. The stock has a market cap of $53.04 billion, a P/E ratio of 39.68 and a beta of 1.22. Copart, Inc. has a 12 month low of $39.57 and a 12 month high of $58.58.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm earned $0.31 EPS. Copart’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.00.

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.