Avantra Family Wealth Inc. Purchases Shares of 3,788 Copart, Inc. (NASDAQ:CPRT)

Avantra Family Wealth Inc. bought a new stake in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 3,788 shares of the business services provider’s stock, valued at approximately $217,000.

Other hedge funds have also modified their holdings of the company. Optimum Investment Advisors grew its stake in Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the period. Eastern Bank purchased a new position in shares of Copart in the third quarter valued at approximately $29,000. Quarry LP purchased a new position in shares of Copart in the third quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart during the 3rd quarter worth approximately $33,000. Finally, True Wealth Design LLC boosted its position in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 608 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was 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 $1,160,200. This trade represents a 60.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction 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 directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 in the last 90 days. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

Shares of NASDAQ CPRT opened at $57.93 on Monday. The stock’s 50-day moving average is $59.11 and its two-hundred day moving average is $54.95. The company has a market cap of $55.82 billion, a price-to-earnings ratio of 40.80 and a beta of 1.33. Copart, Inc. has a 1-year low of $47.92 and a 1-year high of $64.38.

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

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.