Motley Fool Asset Management LLC Purchases 1,640 Shares of Copart, Inc. (NASDAQ:CPRT)

Motley Fool Asset Management LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,224 shares of the business services provider’s stock after purchasing an additional 1,640 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Copart were worth $1,383,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CPRT. AE Wealth Management LLC boosted its holdings in Copart by 90.9% in the 3rd quarter. AE Wealth Management LLC now owns 19,503 shares of the business services provider’s stock valued at $840,000 after purchasing an additional 9,287 shares during the period. Capital Investment Advisors LLC bought a new position in Copart in the 3rd quarter worth about $277,000. Flagship Harbor Advisors LLC raised its holdings in shares of Copart by 112.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 6,389 shares of the business services provider’s stock valued at $275,000 after acquiring an additional 3,380 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Copart by 126.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 17,772 shares of the business services provider’s stock valued at $766,000 after acquiring an additional 9,916 shares during the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of Copart by 82.6% during the third quarter. Avior Wealth Management LLC now owns 1,240 shares of the business services provider’s stock worth $53,000 after purchasing an additional 561 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Copart stock traded up $0.51 during trading hours on Friday, reaching $55.73. The company had a trading volume of 2,553,709 shares, compared to its average volume of 4,573,211. The firm 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 12-month low of $38.53 and a 12-month high of $58.58. The company has a 50-day moving average price of $54.86 and a 200 day moving average price of $50.41.

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

Insider Buying and Selling at Copart

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPRT. JPMorgan Chase & Co. raised 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 report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Copart currently has a consensus rating of “Hold” and a consensus price target 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.