Atwater Malick LLC Has $2.33 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Atwater Malick LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 40,666 shares of the business services provider’s stock after acquiring an additional 2,027 shares during the period. Copart makes up about 0.8% of Atwater Malick LLC’s portfolio, making the stock its 27th largest position. Atwater Malick LLC’s holdings in Copart were worth $2,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Optimum Investment Advisors increased its holdings in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new stake in shares of Copart during the 3rd quarter worth about $29,000. Quarry LP acquired a new position in Copart in the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in Copart in the 3rd quarter valued at about $33,000. Finally, True Wealth Design LLC lifted its position in Copart by 1,737.1% during the third 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 last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The stock was 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 ninety days, insiders sold 650,213 shares of company stock worth $39,199,813. Company insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Performance

CPRT opened at $56.90 on Friday. The stock has a fifty day moving average of $59.07 and a 200-day moving average of $54.71. Copart, Inc. has a fifty-two week low of $47.51 and a fifty-two week high of $64.38. The company has a market capitalization of $54.82 billion, a P/E ratio of 40.07 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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 net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.