Perpetual Ltd Purchases 13,888 Shares of Copart, Inc. (NASDAQ:CPRT)

Perpetual Ltd boosted its position in Copart, Inc. (NASDAQ:CPRTFree Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,752 shares of the business services provider’s stock after acquiring an additional 13,888 shares during the quarter. Perpetual Ltd’s holdings in Copart were worth $10,373,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Optimum Investment Advisors increased its stake in shares of Copart by 141.5% in the 3rd 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 position in Copart in the third quarter valued at about $29,000. Quarry LP acquired a new position in Copart during the third quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Copart in the third quarter worth about $33,000. Finally, True Wealth Design LLC boosted its stake in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

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.

Check Out Our Latest Analysis on Copart

Copart Trading Up 0.9 %

Copart stock opened at $57.44 on Wednesday. The stock has a 50-day moving average price of $59.08 and a two-hundred day moving average price of $54.76. Copart, Inc. has a 12 month low of $47.73 and a 12 month high of $64.38. The company has a market capitalization of $55.35 billion, a PE ratio of 40.45 and a beta of 1.33.

Copart (NASDAQ:CPRTGet Free Report) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting 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 last year, the company earned $0.34 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. As a group, analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction on 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 of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last 90 days. 9.68% of the stock is owned by insiders.

Copart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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