Stifel Financial Corp Purchases 19,198 Shares of Copart, Inc. (NASDAQ:CPRT)

Stifel Financial Corp increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 822,091 shares of the business services provider’s stock after acquiring an additional 19,198 shares during the quarter. Stifel Financial Corp’s holdings in Copart were worth $43,078,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CPRT. SG Americas Securities LLC increased its position in shares of Copart by 47.8% during the second quarter. SG Americas Securities LLC now owns 203,979 shares of the business services provider’s stock worth $11,048,000 after purchasing an additional 65,987 shares in the last quarter. Czech National Bank grew its stake in Copart by 8.4% during the 2nd quarter. Czech National Bank now owns 166,726 shares of the business services provider’s stock worth $9,030,000 after buying an additional 12,979 shares during the last quarter. Crown Oak Advisors LLC increased its position in Copart by 1.0% during the 2nd quarter. Crown Oak Advisors LLC now owns 157,859 shares of the business services provider’s stock valued at $8,550,000 after buying an additional 1,619 shares in the last quarter. D.B. Root & Company LLC raised its stake in Copart by 6.3% in the second quarter. D.B. Root & Company LLC now owns 10,100 shares of the business services provider’s stock valued at $547,000 after buying an additional 602 shares during the last quarter. Finally, WASHINGTON TRUST Co boosted its holdings in Copart by 0.3% in the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Robert W. Baird decreased their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

Insider Activity at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.68% of the stock is owned by company insiders.

Copart Stock Up 0.3 %

Copart stock opened at $62.08 on Friday. The stock has a 50-day moving average price of $56.07 and a 200 day moving average price of $53.76. The company has a market capitalization of $59.82 billion, a price-to-earnings ratio of 43.72 and a beta of 1.31. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.