Applied Capital LLC FL Has $702,000 Stock Position in Copart, Inc. (NASDAQ:CPRT)

Applied Capital LLC FL cut its position in Copart, Inc. (NASDAQ:CPRT) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,225 shares of the business services provider’s stock after selling 270 shares during the quarter. Applied Capital LLC FL’s holdings in Copart were worth $702,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cadence Bank increased its stake in shares of Copart by 0.6% in the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after purchasing an additional 178 shares during the period. Everpar Advisors LLC grew its holdings in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after buying an additional 199 shares during the last quarter. Duncan Williams Asset Management LLC increased its position in Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after buying an additional 203 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Copart by 2.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock worth $529,000 after buying an additional 208 shares during the last quarter. Finally, Covestor Ltd boosted its position 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 valued at $225,000 after acquiring an additional 209 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Stock Up 0.2 %

Shares of CPRT opened at $57.70 on Friday. The stock’s 50-day moving average price is $59.10 and its 200 day moving average price is $54.82. Copart, Inc. has a 12-month low of $47.73 and a 12-month high of $64.38. The firm has a market capitalization of $55.60 billion, a price-to-earnings ratio of 40.63 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Copart’s revenue was up 12.4% on a year-over-year basis. Equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction 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 owns 7,850 shares of the company’s stock, valued at $485,601. The trade was a 91.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $13,384,683.20. The disclosure for this sale can be found here. In the last three months, insiders sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company’s stock.

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.