Copart, Inc. (NASDAQ:CPRT) Shares Bought by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated raised its stake in Copart, Inc. (NASDAQ:CPRT) by 42.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,033 shares of the business services provider’s stock after acquiring an additional 2,968 shares during the period. Silver Oak Securities Incorporated’s holdings in Copart were worth $492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Simplicity Solutions LLC boosted its position in shares of Copart by 71.8% during the third quarter. Simplicity Solutions LLC now owns 15,321 shares of the business services provider’s stock worth $660,000 after buying an additional 6,405 shares during the period. Clarius Group LLC boosted its position in shares of Copart by 57.4% during the third quarter. Clarius Group LLC now owns 6,176 shares of the business services provider’s stock worth $266,000 after buying an additional 2,252 shares during the period. Peregrine Capital Management LLC boosted its position in shares of Copart by 100.0% during the third quarter. Peregrine Capital Management LLC now owns 6,188 shares of the business services provider’s stock worth $267,000 after buying an additional 3,094 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of Copart by 141.6% during the third quarter. Atlantic Union Bankshares Corp now owns 20,169 shares of the business services provider’s stock worth $869,000 after buying an additional 11,822 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Copart by 122.5% during the third quarter. Commonwealth Equity Services LLC now owns 98,215 shares of the business services provider’s stock worth $4,232,000 after buying an additional 54,068 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $55.71 on Tuesday. Copart, Inc. has a 12 month low of $38.83 and a 12 month high of $58.58. The stock has a market cap of $53.57 billion, a price-to-earnings ratio of 40.08 and a beta of 1.22. The stock’s 50 day moving average price is $55.00 and its 200 day moving average price is $50.55.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. Copart’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, sell-side analysts expect that Copart, Inc. will post 1.42 EPS for the current year.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 985,000 shares of company stock valued at $55,519,950. Corporate insiders own 10.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CPRT shares. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their target price on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Copart has an average rating of “Hold” and an average price target of $51.00.

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.