Everpar Advisors LLC Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Everpar Advisors LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,665 shares of the business services provider’s stock, valued at approximately $376,000.

Several other institutional investors also recently bought and sold shares of CPRT. Nordea Investment Management AB increased its holdings in shares of Copart by 64.1% in the 4th quarter. Nordea Investment Management AB now owns 1,441,839 shares of the business services provider’s stock valued at $70,448,000 after acquiring an additional 563,233 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Copart by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider’s stock valued at $139,554,000 after acquiring an additional 44,248 shares during the period. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Copart by 57.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 63,521 shares of the business services provider’s stock valued at $3,113,000 after acquiring an additional 23,304 shares during the period. Artemis Investment Management LLP increased its holdings in shares of Copart by 29.0% in the 4th quarter. Artemis Investment Management LLP now owns 1,167,186 shares of the business services provider’s stock valued at $57,193,000 after acquiring an additional 262,499 shares during the period. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Copart by 72.5% in the 3rd quarter. Checchi Capital Advisers LLC now owns 6,228 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 2,618 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Copart Stock Performance

CPRT stock traded down $0.77 on Wednesday, hitting $55.16. 2,747,247 shares of the company’s stock were exchanged, compared to its average volume of 4,489,041. Copart, Inc. has a 12-month low of $39.57 and a 12-month high of $58.58. The firm has a 50 day moving average price of $55.53 and a two-hundred day moving average price of $50.95. The stock has a market cap of $53.04 billion, a P/E ratio of 40.24 and a beta of 1.22.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts expect that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Copart news, 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 transaction of $34,662,000.00. Following the completion of 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 SEC, which is accessible through this hyperlink. In other news, Director Thomas N. Tryforos sold 285,000 shares of the business’s 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 completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated 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 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. In the last 90 days, insiders sold 985,000 shares of company stock valued at $55,519,950. 10.23% of the stock is owned by company insiders.

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.