Signal Advisors Wealth LLC Has $3.10 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Signal Advisors Wealth LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 42.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 54,055 shares of the business services provider’s stock after purchasing an additional 15,993 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Copart were worth $3,102,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Cadence Bank grew its stake in Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after buying an additional 178 shares in the last quarter. Duncan Williams Asset Management LLC boosted its position in shares of Copart by 1.3% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after acquiring an additional 203 shares in the last quarter. Covestor Ltd increased its stake in Copart by 5.1% in the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after acquiring an additional 209 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Copart by 0.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock valued at $1,447,000 after purchasing an additional 213 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Copart by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider’s stock valued at $1,363,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of Copart stock opened at $55.63 on Tuesday. The business has a 50-day simple moving average of $58.96 and a 200 day simple moving average of $54.65. The firm has a market capitalization of $53.60 billion, a price-to-earnings ratio of 39.18 and a beta of 1.33. Copart, Inc. has a one year low of $47.31 and a one year high of $64.38.

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

Insider Buying and Selling at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 in the last quarter. 9.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.