CreativeOne Wealth LLC Acquires 4,951 Shares of Copart, Inc. (NASDAQ:CPRT)

CreativeOne Wealth LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 106.4% during the 3rd quarter, Holdings Channel reports. The firm owned 9,605 shares of the business services provider’s stock after purchasing an additional 4,951 shares during the period. CreativeOne Wealth LLC’s holdings in Copart were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in Copart by 162.9% in the first quarter. Cetera Investment Advisers now owns 184,417 shares of the business services provider’s stock valued at $10,681,000 after purchasing an additional 114,263 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Copart by 72.0% during the 1st quarter. Cetera Advisors LLC now owns 35,767 shares of the business services provider’s stock worth $2,072,000 after acquiring an additional 14,971 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Copart by 20.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,368 shares of the business services provider’s stock worth $129,000 after acquiring an additional 398 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in Copart in the second quarter valued at approximately $520,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Copart by 79.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 8,344 shares of the business services provider’s stock valued at $452,000 after purchasing an additional 3,693 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CPRT shares. JPMorgan Chase & Co. raised their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Robert W. Baird lowered their target price on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $63.39 on Monday. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $64.38. The company has a market capitalization of $61.08 billion, a PE ratio of 44.64 and a beta of 1.27. The company has a fifty day moving average of $55.06 and a 200-day moving average of $53.50.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.68% of the stock is owned by corporate insiders.

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.