CHURCHILL MANAGEMENT Corp Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

CHURCHILL MANAGEMENT Corp grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,180 shares of the business services provider’s stock after buying an additional 659 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Copart were worth $3,717,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CPRT. Rathbones Group PLC lifted its holdings in shares of Copart by 2.9% during the 4th quarter. Rathbones Group PLC now owns 7,821 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 221 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Copart by 0.9% during the 4th quarter. Panagora Asset Management Inc. now owns 25,133 shares of the business services provider’s stock valued at $1,232,000 after acquiring an additional 226 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Copart by 1.5% during the 1st quarter. Wedmont Private Capital now owns 16,791 shares of the business services provider’s stock valued at $952,000 after acquiring an additional 243 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Copart by 3.8% during the 4th quarter. Savant Capital LLC now owns 6,933 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 251 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of Copart by 3.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 268 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.00.

Insider Transactions at Copart

In other news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.23% of the company’s stock.

Copart Price Performance

Shares of CPRT stock opened at $54.24 on Friday. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The firm has a market capitalization of $52.20 billion, a P/E ratio of 38.20 and a beta of 1.26. The company’s fifty day moving average price is $54.18 and its two-hundred day moving average price is $52.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, sell-side analysts anticipate that Copart, Inc. will post 1.43 EPS for the current 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.