Blue Trust Inc. Grows Holdings in Copart, Inc. (NASDAQ:CPRT)

Blue Trust Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 62.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,887 shares of the business services provider’s stock after purchasing an additional 4,173 shares during the quarter. Blue Trust Inc.’s holdings in Copart were worth $570,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Copart by 27.4% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 2,957,035 shares of the business services provider’s stock valued at $169,704,000 after purchasing an additional 636,540 shares in the last quarter. KFG Wealth Management LLC lifted its holdings in Copart by 15.3% during the 4th quarter. KFG Wealth Management LLC now owns 5,561 shares of the business services provider’s stock worth $319,000 after buying an additional 737 shares during the last quarter. Blue Square Asset Management LLC acquired a new position in shares of Copart in the 4th quarter worth approximately $210,000. First Citizens Bank & Trust Co. grew its position in shares of Copart by 8.9% in the 4th quarter. First Citizens Bank & Trust Co. now owns 8,628 shares of the business services provider’s stock worth $495,000 after acquiring an additional 706 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Copart by 2.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 36,461 shares of the business services provider’s stock valued at $2,092,000 after acquiring an additional 716 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred 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 owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 in the last ninety days. 9.68% of the stock is owned by insiders.

Copart Trading Up 2.2 %

NASDAQ:CPRT opened at $58.56 on Friday. The stock has a 50 day moving average of $59.21 and a 200-day moving average of $54.90. The firm has a market capitalization of $56.42 billion, a PE ratio of 41.24 and a beta of 1.33. Copart, Inc. has a 52 week low of $47.92 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last issued 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 firm 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 business earned $0.34 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. As a group, analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.