Trust Co. of Vermont Invests $38,000 in Copart, Inc. (NASDAQ:CPRT)

Trust Co. of Vermont bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 778 shares of the business services provider’s stock, valued at approximately $38,000.

A number of other hedge funds have also added to or reduced their stakes in CPRT. Kestra Advisory Services LLC increased its stake in Copart by 166.9% in the third quarter. Kestra Advisory Services LLC now owns 36,416 shares of the business services provider’s stock valued at $1,569,000 after acquiring an additional 22,771 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Copart in the third quarter valued at approximately $371,000. CI Investments Inc. boosted its position in Copart by 95.4% in the third quarter. CI Investments Inc. now owns 2,468 shares of the business services provider’s stock valued at $106,000 after buying an additional 1,205 shares in the last quarter. Rathbones Group PLC boosted its position in Copart by 100.0% in the third quarter. Rathbones Group PLC now owns 7,600 shares of the business services provider’s stock valued at $327,000 after buying an additional 3,800 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Copart by 3,205.7% in the third quarter. V Square Quantitative Management LLC now owns 4,628 shares of the business services provider’s stock valued at $199,000 after buying an additional 4,488 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Copart

In other news, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the sale, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.23% of the company’s stock.

Copart Trading Up 0.9 %

CPRT opened at $54.86 on Wednesday. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The company has a market cap of $52.79 billion, a P/E ratio of 38.63 and a beta of 1.26. The company has a fifty day moving average price of $54.30 and a two-hundred day moving average price of $52.26.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. On average, research analysts forecast that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CPRT. JPMorgan Chase & Co. raised their target price on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com lowered 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.00.

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.