Charles Schwab Investment Management Inc. Boosts Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Charles Schwab Investment Management Inc. boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,493,673 shares of the business services provider’s stock after buying an additional 226,334 shares during the period. Charles Schwab Investment Management Inc. owned 0.57% of Copart worth $315,282,000 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. Quarry LP purchased a new stake in shares of Copart during the third quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart during the third quarter worth $33,000. True Wealth Design LLC boosted its position in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Copart during the 4th quarter worth $54,000. Finally, Continuum Advisory LLC increased its position in Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 315,480 shares of company stock valued at $18,007,983 in the last ninety days. Insiders own 9.68% of the company’s stock.

Copart Price Performance

NASDAQ CPRT opened at $54.41 on Thursday. The stock’s fifty day moving average price is $57.45 and its 200 day moving average price is $55.96. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company has a market cap of $52.57 billion, a price-to-earnings ratio of 36.52 and a beta of 1.30.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.