Outlook Wealth Advisors LLC Boosts Position in Copart, Inc. (NASDAQ:CPRT)

Outlook Wealth Advisors LLC grew its stake in Copart, Inc. (NASDAQ:CPRT) by 23.7% during the first quarter, Holdings Channel.com reports. The fund owned 6,262 shares of the business services provider’s stock after purchasing an additional 1,199 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Copart were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CPRT. Donaldson Capital Management LLC increased its stake in shares of Copart by 6.5% during the first quarter. Donaldson Capital Management LLC now owns 95,646 shares of the business services provider’s stock valued at $5,540,000 after buying an additional 5,843 shares during the period. Raymond James & Associates grew its holdings in Copart by 8.7% during the 1st quarter. Raymond James & Associates now owns 864,337 shares of the business services provider’s stock worth $50,062,000 after acquiring an additional 68,869 shares in the last quarter. IFM Investors Pty Ltd increased its position in Copart by 1.5% during the 1st quarter. IFM Investors Pty Ltd now owns 166,079 shares of the business services provider’s stock valued at $9,619,000 after purchasing an additional 2,461 shares during the period. Marshall Financial Group LLC raised its holdings in shares of Copart by 11.3% in the 1st quarter. Marshall Financial Group LLC now owns 28,847 shares of the business services provider’s stock valued at $1,671,000 after purchasing an additional 2,935 shares in the last quarter. Finally, Retirement Guys Formula LLC bought a new stake in shares of Copart in the 1st quarter valued at about $1,291,000. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

NASDAQ CPRT traded up $0.51 on Friday, hitting $55.73. The stock had a trading volume of 2,554,100 shares, compared to its average volume of 3,758,305. The business’s fifty day moving average price is $54.86 and its 200 day moving average price is $50.41. The stock has a market cap of $53.58 billion, a price-to-earnings ratio of 40.09 and a beta of 1.22. Copart, Inc. has a 52-week low of $38.53 and a 52-week high of $58.58.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share 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 analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.42 EPS for the current year.

Insider Activity

In other Copart news, 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 completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at $1,934,450. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,934,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the sale, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock worth $55,519,950 over the last 90 days. 10.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPRT. JPMorgan Chase & Co. lifted their price objective on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.00.

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.