NBT Bank N A NY Makes New $352,000 Investment in Copart, Inc. (NASDAQ:CPRT)

NBT Bank N A NY purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,225 shares of the business services provider's stock, valued at approximately $352,000.

Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Copart during the fourth quarter valued at about $682,089,000. Madison Investment Advisors LLC purchased a new position in shares of Copart in the fourth quarter worth about $253,686,000. Bank of New York Mellon Corp lifted its stake in shares of Copart by 23.3% in the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock valued at $1,115,664,000 after acquiring an additional 3,667,534 shares during the last quarter. Edgewood Management LLC boosted its holdings in Copart by 14.1% during the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after acquiring an additional 2,907,405 shares during the period. Finally, Wellington Management Group LLP grew its position in Copart by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider's stock worth $812,488,000 after acquiring an additional 1,785,741 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CPRT shares. JPMorgan Chase & Co. lowered their price objective on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Copart Price Performance

NASDAQ CPRT opened at $47.88 on Thursday. Copart, Inc. has a 1 year low of $47.70 and a 1 year high of $64.38. The stock has a market capitalization of $46.30 billion, a PE ratio of 31.50 and a beta of 1.10. The business's 50-day moving average is $57.03 and its 200 day moving average is $57.19.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.23 billion. Copart had a return on equity of 18.20% and a net margin of 32.21%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. As a group, equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.68% of the stock is owned by corporate insiders.

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.

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