Sanctuary Advisors LLC Has $3.27 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Sanctuary Advisors LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,822 shares of the business services provider’s stock after acquiring an additional 3,055 shares during the quarter. Sanctuary Advisors LLC’s holdings in Copart were worth $3,269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Catalyst Capital Advisors LLC lifted its holdings in Copart by 82.1% during the 4th quarter. Catalyst Capital Advisors LLC now owns 3,219 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 1,451 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its holdings in shares of Copart by 2.5% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 103,758 shares of the business services provider’s stock worth $5,955,000 after buying an additional 2,516 shares in the last quarter. Nkcfo LLC bought a new position in shares of Copart in the fourth quarter valued at approximately $143,000. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Copart by 4.5% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 7,109 shares of the business services provider’s stock worth $408,000 after acquiring an additional 308 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Copart during the 4th quarter worth approximately $8,563,000. 85.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. The trade was a 91.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,213 shares of company stock worth $39,199,813. Insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price objective 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 Down 2.8 %

Shares of NASDAQ:CPRT opened at $56.61 on Friday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm has a market cap of $54.55 billion, a P/E ratio of 39.87 and a beta of 1.33. The company’s 50-day moving average price is $57.97 and its two-hundred day moving average price is $55.65.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities 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.