Copart, Inc. $CPRT Shares Bought by Savant Capital LLC

Savant Capital LLC grew its position in Copart, Inc. (NASDAQ:CPRT) by 166.5% during the 3rd quarter, Holdings Channel reports. The fund owned 24,894 shares of the business services provider’s stock after buying an additional 15,554 shares during the quarter. Savant Capital LLC’s holdings in Copart were worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Copart by 2.1% in the second quarter. Vanguard Group Inc. now owns 106,408,868 shares of the business services provider’s stock valued at $5,221,483,000 after purchasing an additional 2,144,946 shares during the period. Principal Financial Group Inc. increased its position in Copart by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 40,175,058 shares of the business services provider’s stock worth $1,806,674,000 after purchasing an additional 1,236,101 shares during the period. State Street Corp raised its stake in shares of Copart by 3.3% during the 2nd quarter. State Street Corp now owns 36,406,503 shares of the business services provider’s stock worth $1,786,467,000 after buying an additional 1,167,265 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Copart by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 20,462,076 shares of the business services provider’s stock worth $999,305,000 after buying an additional 656,333 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Copart in the 2nd quarter valued at approximately $549,448,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

Shares of CPRT stock opened at $40.35 on Wednesday. The stock has a fifty day moving average price of $39.63 and a 200 day moving average price of $43.01. The stock has a market cap of $39.06 billion, a PE ratio of 24.60 and a beta of 1.08. Copart, Inc. has a 1 year low of $37.41 and a 1 year high of $63.85.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Copart had a return on equity of 17.78% and a net margin of 34.24%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company earned $0.37 earnings per share. Copart’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, Director Thomas N. Tryforos sold 100,000 shares of Copart stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $39.07, for a total transaction of $3,907,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Liaw sold 25,137 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $40.17, for a total transaction of $1,009,753.29. Following the completion of the sale, the chief executive officer directly owned 55,970 shares in the company, valued at $2,248,314.90. This trade represents a 30.99% decrease in their position. The SEC filing for this sale provides additional information. 9.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CPRT shares. Robert W. Baird dropped their price objective on Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. JPMorgan Chase & Co. decreased their target price on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. CJS Securities raised shares of Copart to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Barclays reiterated an “underweight” rating and issued a $33.00 price target (up previously from $32.00) on shares of Copart in a report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.60.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.