Legacy Private Trust Co. Has $628,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Legacy Private Trust Co. lifted its position in Copart, Inc. (NASDAQ:CPRT) by 9.5% in the 4th quarter, Holdings Channel reports. The fund owned 10,937 shares of the business services provider’s stock after buying an additional 950 shares during the period. Legacy Private Trust Co.’s holdings in Copart were worth $628,000 at the end of the most recent quarter.

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

Insider Activity

In related news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the sale, the chairman now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 650,213 shares of company stock valued at $39,199,813. Insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Stock Up 1.0 %

NASDAQ CPRT opened at $56.78 on Thursday. The stock has a market capitalization of $54.71 billion, a PE ratio of 39.99 and a beta of 1.33. Copart, Inc. has a 12-month low of $46.82 and a 12-month high of $64.38. The company has a 50 day moving average price of $58.71 and a two-hundred day moving average price of $54.63.

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

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.