Canandaigua National Trust Co of Florida Invests $325,000 in Copart, Inc. (NASDAQ:CPRT)

Canandaigua National Trust Co of Florida acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,658 shares of the business services provider’s stock, valued at approximately $325,000.

A number of other large investors have also bought and sold shares of the business. Sanctuary Advisors LLC boosted its stake in Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares during the period. Geode Capital Management LLC boosted its position in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after buying an additional 291,580 shares during the period. Kinsale Capital Group Inc. grew its holdings in shares of Copart by 17.7% during the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after buying an additional 13,554 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Copart in the 2nd quarter valued at approximately $5,418,000. Finally, Oddo BHF Asset Management Sas acquired a new position in Copart during the 3rd quarter worth approximately $1,206,000. 85.78% of the stock is owned by institutional investors.

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 stock was 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 approximately $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the 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 $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 414,733 shares of company stock valued at $25,815,130. 9.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Copart Stock Performance

CPRT traded down $0.33 on Monday, hitting $56.58. 3,130,411 shares of the company were exchanged, compared to its average volume of 3,609,667. The stock’s fifty day moving average is $58.44 and its 200-day moving average is $54.58. Copart, Inc. has a 12 month low of $46.49 and a 12 month high of $64.38. The company has a market cap of $54.52 billion, a PE ratio of 39.85 and a beta of 1.33.

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