Kieckhefer Group LLC Invests $3.96 Million in Copart, Inc. (NASDAQ:CPRT)

Kieckhefer Group LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 69,040 shares of the business services provider’s stock, valued at approximately $3,962,000. Copart makes up 2.4% of Kieckhefer Group LLC’s portfolio, making the stock its 12th largest position.

A number of other hedge funds also recently bought and sold shares of the stock. Capital Investment Advisors LLC increased its position in shares of Copart by 9.2% during the fourth quarter. Capital Investment Advisors LLC now owns 33,728 shares of the business services provider’s stock worth $1,936,000 after purchasing an additional 2,852 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of Copart during the fourth quarter worth about $234,000. Fiduciary Alliance LLC purchased a new stake in shares of Copart during the fourth quarter worth $267,000. Threadgill Financial LLC boosted its stake in shares of Copart by 1.8% in the 4th quarter. Threadgill Financial LLC now owns 87,910 shares of the business services provider’s stock valued at $5,045,000 after buying an additional 1,582 shares during the period. Finally, Czech National Bank increased its position in shares of Copart by 6.6% in the 4th quarter. Czech National Bank now owns 190,080 shares of the business services provider’s stock valued at $10,909,000 after purchasing an additional 11,693 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Insider Transactions at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the sale, the director now owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock valued at $39,199,813 over the last three months. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

Copart stock traded down $0.46 during trading on Monday, reaching $55.18. The company had a trading volume of 704,348 shares, compared to its average volume of 3,374,292. The stock’s 50 day moving average price is $58.90 and its two-hundred day moving average price is $54.64. The firm has a market capitalization of $53.17 billion, a price-to-earnings ratio of 38.86 and a beta of 1.33. Copart, Inc. has a 12-month low of $47.31 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. During the same period in the prior year, the company posted $0.34 EPS. Copart’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Company 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.