Simmons Bank Takes $222,000 Position in Copart, Inc. (NASDAQ:CPRT)

Simmons Bank bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,528 shares of the business services provider’s stock, valued at approximately $222,000.

A number of other institutional investors have also recently added to or reduced their stakes in CPRT. Vanguard Group Inc. lifted its holdings in shares of Copart by 100.6% during the third quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock worth $4,201,821,000 after purchasing an additional 48,891,984 shares during the period. Principal Financial Group Inc. raised its position in Copart by 96.8% during the 3rd quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock worth $1,715,114,000 after purchasing an additional 19,576,719 shares during the last quarter. Wellington Management Group LLP raised its position in Copart by 84.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,929,180 shares of the business services provider’s stock worth $772,568,000 after purchasing an additional 8,205,757 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Copart by 79.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,359,152 shares of the business services provider’s stock worth $748,006,000 after buying an additional 7,666,881 shares during the period. Finally, FMR LLC grew its position in shares of Copart by 93.6% in the 3rd quarter. FMR LLC now owns 14,733,860 shares of the business services provider’s stock valued at $634,882,000 after buying an additional 7,122,991 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Transactions at Copart

In other news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Matt Blunt sold 100,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders sold a total of 985,000 shares of company stock valued at $55,519,950 in the last quarter. 10.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. raised their price target on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.00.

Copart Stock Performance

Shares of CPRT stock traded down $0.58 during mid-day trading on Wednesday, hitting $55.35. The company’s stock had a trading volume of 1,630,361 shares, compared to its average volume of 4,474,985. The company has a market cap of $53.22 billion, a PE ratio of 40.24 and a beta of 1.22. The company’s fifty day simple moving average is $55.53 and its 200-day simple moving average is $50.95. Copart, Inc. has a 52 week low of $39.57 and a 52 week high of $58.58.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Copart, Inc. will post 1.42 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.