Copart, Inc. (NASDAQ:CPRT) Stake Lifted by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,224 shares of the business services provider’s stock after acquiring an additional 1,640 shares during the period. Motley Fool Asset Management LLC’s holdings in Copart were worth $1,383,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Copart in the third quarter valued at approximately $25,000. Manchester Capital Management LLC raised its stake in Copart by 101.0% during the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares in the last quarter. Bell Investment Advisors Inc boosted its position in Copart by 87.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after acquiring an additional 323 shares during the period. Fortitude Family Office LLC bought a new position in shares of Copart in the fourth quarter worth $34,000. Finally, Annapolis Financial Services LLC increased its holdings in shares of Copart by 100.0% during the third 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 period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT traded up $0.51 during trading hours on Friday, hitting $55.73. 2,553,709 shares of the company’s stock traded hands, compared to its average volume of 4,573,211. The company’s fifty day simple moving average is $54.86 and its two-hundred day simple moving average is $50.41. Copart, Inc. has a 52 week low of $38.53 and a 52 week high of $58.58. The company has a market cap of $53.58 billion, a price-to-earnings ratio of 40.09 and a beta of 1.22.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $1.02 billion during 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%. Copart’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts anticipate that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Insiders sold 985,000 shares of company stock worth $55,519,950 in the last quarter. 10.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.