Copart, Inc. (NASDAQ:CPRT) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 15.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,472 shares of the business services provider’s stock after buying an additional 3,722 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Copart were worth $1,448,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CPRT. Optimum Investment Advisors raised its position in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank purchased a new position in Copart during the 3rd quarter worth approximately $29,000. Quarry LP purchased a new position in shares of Copart during the 3rd quarter valued at approximately $29,000. Crewe Advisors LLC increased its holdings in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 280 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 425 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction on Thursday, December 5th. The shares were 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 approximately $485,601. This trade represents a 91.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of Copart 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 in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is owned by corporate insiders.

Copart Stock Performance

Copart stock opened at $62.61 on Thursday. The company’s fifty day moving average price is $56.64 and its 200 day moving average price is $53.93. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $64.38. The stock has a market capitalization of $60.33 billion, a P/E ratio of 44.09 and a beta of 1.31.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

CPRT has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Robert W. Baird cut their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

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.