1,205,121 Shares in Copart, Inc. (NASDAQ:CPRT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,205,121 shares of the business services provider’s stock, valued at approximately $69,162,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in Copart during the third quarter worth $29,000. Ashton Thomas Securities LLC acquired a new position in Copart during the third quarter worth $33,000. True Wealth Design LLC grew its holdings in Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after acquiring an additional 608 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Copart during the fourth quarter worth $54,000. Finally, Continuum Advisory LLC grew its holdings in Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 315,480 shares of company stock valued at $18,007,983 over the last quarter. Insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Stock Performance

Copart stock opened at $53.74 on Monday. The firm has a market capitalization of $51.92 billion, a price-to-earnings ratio of 36.07 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock’s fifty day moving average is $57.16 and its two-hundred day moving average is $56.00.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, sell-side analysts forecast 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.