Greenleaf Trust Purchases 387 Shares of Copart, Inc. (NASDAQ:CPRT)

Greenleaf Trust boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,276 shares of the business services provider’s stock after purchasing an additional 387 shares during the period. Greenleaf Trust’s holdings in Copart were worth $991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares during the last quarter. State Street Corp grew its position in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock valued at $1,789,877,000 after acquiring an additional 120,939 shares during the last quarter. Edgewood Management LLC increased its stake in Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after purchasing an additional 125,220 shares during the period. Geode Capital Management LLC lifted its position in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after purchasing an additional 291,580 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Copart by 0.4% during the third quarter. Barclays PLC now owns 6,042,734 shares of the business services provider’s stock valued at $316,639,000 after purchasing an additional 21,710 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company’s stock.

Copart Stock Down 0.3 %

CPRT opened at $57.76 on Tuesday. The stock’s fifty day moving average is $58.99 and its two-hundred day moving average is $54.99. The company has a market capitalization of $55.65 billion, a P/E ratio of 40.68 and a beta of 1.33. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results 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 return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted 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.

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.