Catalyst Capital Advisors LLC Acquires 1,451 Shares of Copart, Inc. (NASDAQ:CPRT)

Catalyst Capital Advisors LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 82.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,219 shares of the business services provider’s stock after purchasing an additional 1,451 shares during the period. Catalyst Capital Advisors LLC’s holdings in Copart were worth $185,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 in the last ninety days. 9.68% of the stock is owned by insiders.

Copart Stock Performance

Shares of Copart stock opened at $59.39 on Tuesday. The stock has a market cap of $57.22 billion, a price-to-earnings ratio of 41.82 and a beta of 1.33. The stock has a 50 day moving average price of $58.24 and a 200-day moving average price of $55.50. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The firm 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 last year, the company earned $0.34 EPS. Sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.