Strategic Financial Concepts LLC Makes New $8.56 Million Investment in Copart, Inc. (NASDAQ:CPRT)

Strategic Financial Concepts LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 149,214 shares of the business services provider’s stock, valued at approximately $8,563,000.

A number of other large investors also recently made changes to their positions in CPRT. Kieckhefer Group LLC bought a new stake in Copart in the fourth quarter valued at about $3,962,000. Sanctuary Advisors LLC increased its stake in shares of Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after acquiring an additional 9,222 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after acquiring an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. raised its position in shares of Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after acquiring an additional 13,554 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Copart during the 3rd quarter worth approximately $1,206,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 0.7 %

NASDAQ:CPRT opened at $59.39 on Friday. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a 50-day moving average price of $58.29 and a two-hundred day moving average price of $55.43. The stock has a market cap of $57.22 billion, a price-to-earnings ratio of 41.82 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $1.15 billion during 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%. Copart’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. Sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock worth $39,199,813 over the last quarter. 9.68% of the stock is currently owned by company insiders.

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.