Litman Gregory Wealth Management LLC Acquires 4,744 Shares of Copart, Inc. (NASDAQ:CPRT)

Litman Gregory Wealth Management LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,099 shares of the business services provider’s stock after buying an additional 4,744 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Copart were worth $8,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CPRT. Quarry LP bought a new stake in Copart in the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC bought a new stake in Copart in the second quarter valued at approximately $38,000. Benjamin F. Edwards & Company Inc. bought a new stake in Copart in the second quarter valued at approximately $38,000. Hollencrest Capital Management increased its stake in Copart by 92.1% in the first quarter. Hollencrest Capital Management now owns 438 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Finally, First Capital Advisors Group LLC. bought a new stake in Copart in the second quarter valued at approximately $50,000. 85.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CPRT has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price 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. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Copart presently has an average rating of “Hold” and a consensus target price of $51.00.

Copart Trading Down 0.6 %

Shares of CPRT stock traded down $0.32 during trading hours on Friday, hitting $52.88. 5,783,457 shares of the company were exchanged, compared to its average volume of 4,639,612. The business has a 50 day moving average of $54.34 and a two-hundred day moving average of $50.05. Copart, Inc. has a 52 week low of $38.35 and a 52 week high of $58.58. The company has a market capitalization of $50.84 billion, a PE ratio of 38.04 and a beta of 1.22.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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). Copart had a return on equity of 21.55% and a net margin of 33.41%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, research analysts forecast that Copart, Inc. will post 1.42 EPS for the current year.

Insider Transactions at Copart

In related news, Director Matt Blunt sold 100,000 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Matt Blunt sold 100,000 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of the 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 transaction, the chairman now 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 sold 985,000 shares of company stock valued at $55,519,950 over the last quarter. Corporate insiders own 10.23% of the company’s stock.

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.