Savant Capital LLC Has $501,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Savant Capital LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,725 shares of the business services provider’s stock after buying an additional 1,035 shares during the quarter. Savant Capital LLC’s holdings in Copart were worth $501,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CPRT. Creative Planning raised its stake in Copart by 1.2% during the 3rd quarter. Creative Planning now owns 141,602 shares of the business services provider’s stock worth $7,420,000 after buying an additional 1,646 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Copart by 2.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 90,061 shares of the business services provider’s stock worth $4,719,000 after buying an additional 1,728 shares during the period. Stonegate Investment Group LLC raised its stake in Copart by 4.9% during the 3rd quarter. Stonegate Investment Group LLC now owns 5,673 shares of the business services provider’s stock worth $297,000 after buying an additional 264 shares during the period. Net Worth Advisory Group acquired a new stake in Copart during the 3rd quarter worth $669,000. Finally, Capital Investment Advisors LLC raised its stake in shares of Copart by 22.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 30,876 shares of the business services provider’s stock valued at $1,618,000 after purchasing an additional 5,697 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity

In other news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the transaction, the chairman now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were 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 owns 20,000 shares of the company’s stock, valued at $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock worth $39,199,813 in the last quarter. Corporate insiders own 9.68% of the company’s stock.

Copart Price Performance

CPRT opened at $59.39 on Monday. The business’s 50-day moving average price is $58.29 and its two-hundred day moving average price is $55.45. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company has a market capitalization of $57.22 billion, a price-to-earnings ratio of 41.82 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note 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.