Mather Group LLC. Purchases 1,060 Shares of Copart, Inc. (NASDAQ:CPRT)

Mather Group LLC. lifted its position in Copart, Inc. (NASDAQ:CPRT) by 12.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,537 shares of the business services provider’s stock after purchasing an additional 1,060 shares during the period. Mather Group LLC.’s holdings in Copart were worth $467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPRT. Simplicity Solutions LLC grew its holdings in shares of Copart by 71.8% in the third quarter. Simplicity Solutions LLC now owns 15,321 shares of the business services provider’s stock worth $660,000 after purchasing an additional 6,405 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Copart by 122.5% in the third quarter. Commonwealth Equity Services LLC now owns 98,215 shares of the business services provider’s stock worth $4,232,000 after purchasing an additional 54,068 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in shares of Copart by 98.0% in the third quarter. Chevy Chase Trust Holdings LLC now owns 494,956 shares of the business services provider’s stock worth $21,328,000 after purchasing an additional 244,940 shares during the last quarter. SVB Wealth LLC grew its holdings in shares of Copart by 96.6% in the third quarter. SVB Wealth LLC now owns 10,912 shares of the business services provider’s stock worth $470,000 after purchasing an additional 5,362 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Copart by 139.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 40,690 shares of the business services provider’s stock valued at $1,753,000 after acquiring an additional 23,726 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Activity

In other news, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,934,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total value 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 worth $55,519,950. Company insiders own 10.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Trading Up 0.2 %

Copart stock opened at $54.44 on Thursday. Copart, Inc. has a 12-month low of $38.83 and a 12-month high of $58.58. The firm has a 50 day moving average of $55.11 and a 200 day moving average of $50.61. The firm has a market capitalization of $52.34 billion, a price-to-earnings ratio of 39.17 and a beta of 1.22.

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

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.