B. Riley Wealth Advisors Inc. Grows Holdings in Copart, Inc. (NASDAQ:CPRT)

B. Riley Wealth Advisors Inc. raised its position in Copart, Inc. (NASDAQ:CPRT) by 0.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,631 shares of the business services provider’s stock after purchasing an additional 213 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Copart were worth $1,447,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Optimum Investment Advisors boosted its holdings in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank purchased a new position in shares of Copart during the 3rd quarter valued at approximately $29,000. Quarry LP acquired a new stake in shares of Copart during the third quarter worth approximately $29,000. Crewe Advisors LLC increased its position in shares of Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 425 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

NASDAQ CPRT opened at $61.11 on Tuesday. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38. The company has a 50-day simple moving average of $57.17 and a 200-day simple moving average of $54.12. The firm has a market capitalization of $58.88 billion, a PE ratio of 43.04 and a beta of 1.31.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. Equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CPRT shares. Robert W. Baird decreased their price target on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Insider Buying and Selling

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 shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares of the company’s stock, valued at $485,601. The trade was a 91.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is owned by company insiders.

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.