Copart, Inc. (NASDAQ:CPRT) Position Boosted by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 103,758 shares of the business services provider’s stock after buying an additional 2,516 shares during the quarter. Copart accounts for about 1.7% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 19th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Copart were worth $5,955,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Optimum Investment Advisors lifted its position in shares of Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new position in shares of Copart during the third quarter worth about $29,000. Quarry LP bought a new position in shares of Copart during the third quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Copart during the third quarter worth about $33,000. Finally, True Wealth Design LLC lifted its position in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Activity

In related news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at $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 available at the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 650,213 shares of company stock valued at $39,199,813. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Stock Down 0.7 %

Shares of NASDAQ CPRT opened at $59.39 on Friday. The firm’s 50-day moving average price is $58.29 and its two-hundred day moving average price is $55.43. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The stock has a market capitalization of $57.22 billion, a P/E ratio of 41.82 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

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.