Canandaigua National Bank & Trust Co. Has $269,000 Stock Position in Copart, Inc. (NASDAQ:CPRT)

Canandaigua National Bank & Trust Co. lessened its position in Copart, Inc. (NASDAQ:CPRT) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,687 shares of the business services provider’s stock after selling 293 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Copart were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cadence Bank grew its position in shares of Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after buying an additional 178 shares during the period. Duncan Williams Asset Management LLC increased its holdings in shares of Copart by 1.3% in the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after acquiring an additional 203 shares in the last quarter. Covestor Ltd raised its holdings in Copart by 5.1% during the 3rd quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock worth $225,000 after buying an additional 209 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Copart by 0.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock valued at $1,447,000 after acquiring an additional 213 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of Copart by 0.9% during the third quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider’s stock worth $1,363,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity at Copart

In other news, Chairman A Jayson Adair sold 251,423 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 414,733 shares of company stock worth $25,815,130. Insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

Copart Trading Down 0.6 %

Shares of NASDAQ CPRT opened at $56.58 on Tuesday. The company has a market capitalization of $54.52 billion, a P/E ratio of 39.85 and a beta of 1.33. Copart, Inc. has a 12 month low of $46.49 and a 12 month high of $64.38. The stock has a 50 day moving average of $58.54 and a 200-day moving average of $54.60.

Copart (NASDAQ:CPRT) last released 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. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. Analysts predict that Copart, Inc. will post 1.57 EPS 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.