Janney Montgomery Scott LLC Has $22.82 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Janney Montgomery Scott LLC boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 397,623 shares of the business services provider’s stock after buying an additional 24,191 shares during the period. Janney Montgomery Scott LLC’s holdings in Copart were worth $22,820,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of Copart by 20.3% in the 4th quarter. SG Americas Securities LLC now owns 104,015 shares of the business services provider’s stock worth $5,969,000 after purchasing an additional 17,561 shares during the last quarter. Park Place Capital Corp boosted its holdings in Copart by 23.8% during the fourth quarter. Park Place Capital Corp now owns 26,074 shares of the business services provider’s stock worth $1,496,000 after buying an additional 5,006 shares during the last quarter. Simon Quick Advisors LLC grew its position in shares of Copart by 156.3% during the 4th quarter. Simon Quick Advisors LLC now owns 52,538 shares of the business services provider’s stock worth $3,015,000 after buying an additional 32,038 shares during the period. Bourgeon Capital Management LLC bought a new stake in shares of Copart in the 4th quarter valued at about $628,000. Finally, Chesley Taft & Associates LLC raised its position in shares of Copart by 30.8% in the 4th quarter. Chesley Taft & Associates LLC now owns 21,155 shares of the business services provider’s stock valued at $1,214,000 after acquiring an additional 4,985 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Trading Up 0.2 %

Shares of Copart stock opened at $57.70 on Friday. The stock’s fifty day simple moving average is $59.10 and its 200 day simple moving average is $54.82. The company has a market capitalization of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33. Copart, Inc. has a 12 month low of $47.73 and a 12 month high of $64.38.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Chairman A Jayson Adair sold 251,423 shares of the 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 completion of the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 650,213 shares of company stock worth $39,199,813. Company insiders own 9.68% of the company’s stock.

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.