Copart, Inc. (NASDAQ:CPRT) Shares Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 103,758 shares of the business services provider’s stock after acquiring an additional 2,516 shares during the period. Copart accounts for about 1.7% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. Blue Zone Wealth Advisors LLC’s holdings in Copart were worth $5,955,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Copart by 2.5% in the 3rd 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 acquiring an additional 941,858 shares during the last quarter. State Street Corp raised its holdings 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 raised its holdings in Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock valued at $1,077,119,000 after acquiring an additional 125,220 shares during the last quarter. Geode Capital Management LLC raised its holdings in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after acquiring an additional 291,580 shares during the last quarter. Finally, Barclays PLC raised its holdings in Copart by 0.4% in the 3rd quarter. Barclays PLC now owns 6,042,734 shares of the business services provider’s stock valued at $316,639,000 after acquiring an additional 21,710 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Down 0.7 %

CPRT stock opened at $59.39 on Friday. The company has a market cap of $57.22 billion, a price-to-earnings ratio of 41.82 and a beta of 1.33. The business has a fifty day simple moving average of $58.29 and a 200-day simple moving average of $55.43. Copart, Inc. has a 52 week low of $48.05 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, hitting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction 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 completion of the sale, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the company’s 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 sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company’s stock.

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.