Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Addison Capital Co

Addison Capital Co boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 57,585 shares of the business services provider’s stock after purchasing an additional 302 shares during the period. Copart makes up about 1.3% of Addison Capital Co’s investment portfolio, making the stock its 23rd biggest position. Addison Capital Co’s holdings in Copart were worth $3,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CPRT. Quarry LP acquired a new position in shares of Copart during the 3rd quarter worth about $29,000. True Wealth Design LLC raised its holdings in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 608 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart during the fourth quarter worth approximately $54,000. Finally, Eastern Bank raised its stake in Copart by 115.1% in the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 640 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 315,480 shares of company stock worth $18,007,983 in the last 90 days. Insiders own 9.68% of the company’s stock.

Copart Stock Up 0.7 %

Shares of NASDAQ:CPRT opened at $52.65 on Monday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The business has a fifty day moving average of $56.71 and a two-hundred day moving average of $56.01. The stock has a market cap of $50.86 billion, a P/E ratio of 35.34 and a beta of 1.30.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

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.