Jones Financial Companies Lllp Boosts Position in Copart, Inc. (NASDAQ:CPRT)

Jones Financial Companies Lllp grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 188.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,027 shares of the business services provider’s stock after buying an additional 4,594 shares during the quarter. Jones Financial Companies Lllp’s holdings in Copart were worth $403,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CPRT. Quarry LP purchased a new stake in Copart during the 3rd quarter worth $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart during the third quarter worth about $33,000. True Wealth Design LLC boosted its position in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the fourth quarter worth about $54,000. Finally, Continuum Advisory LLC grew its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity at Copart

In related news, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the business’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 sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 315,480 shares of company stock valued at $18,007,983. Insiders own 9.68% of the company’s stock.

Copart Trading Up 0.2 %

Shares of CPRT stock opened at $52.91 on Wednesday. The firm has a fifty day simple moving average of $56.96 and a 200-day simple moving average of $56.01. The company has a market capitalization of $51.12 billion, a PE ratio of 35.51 and a beta of 1.30. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Copart

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.