Pacer Advisors Inc. Purchases 26,558 Shares of Copart, Inc. (NASDAQ:CPRT)

Pacer Advisors Inc. raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,950 shares of the business services provider’s stock after acquiring an additional 26,558 shares during the period. Pacer Advisors Inc.’s holdings in Copart were worth $7,152,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. OFI Invest Asset Management bought a new position in shares of Copart during the 3rd quarter valued at $25,000. Manchester Capital Management LLC increased its stake in Copart by 101.0% in the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock worth $27,000 after purchasing an additional 314 shares during the period. Quarry LP purchased a new stake in shares of Copart during the first quarter worth about $29,000. Bell Investment Advisors Inc grew its stake in shares of Copart by 87.1% in the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after purchasing an additional 323 shares during the last quarter. Finally, Annapolis Financial Services LLC raised its position in Copart by 100.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 360 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Copart news, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link. In other 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at $1,934,450. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 705,000 shares of company stock worth $35,910,750. 10.23% of the stock is currently owned by company insiders.

Copart Stock Up 0.0 %

Shares of CPRT stock opened at $57.24 on Thursday. The business’s fifty day moving average is $52.13 and its 200 day moving average is $48.65. The stock has a market cap of $55.04 billion, a price-to-earnings ratio of 41.18 and a beta of 1.22. Copart, Inc. has a twelve month low of $36.30 and a twelve month high of $57.90.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. Equities research analysts expect that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. began coverage on shares of Copart in a research report on Tuesday, February 27th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, HSBC assumed coverage on shares of Copart in a report on Monday, December 4th. They issued a “hold” rating and a $51.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.00.

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.