Copart, Inc. (NASDAQ:CPRT) Shares Purchased by TCW Group Inc.

TCW Group Inc. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 284.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,947 shares of the business services provider’s stock after buying an additional 33,998 shares during the quarter. TCW Group Inc.’s holdings in Copart were worth $2,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CPRT. Quarry LP bought a new stake in shares of Copart in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart during the 3rd quarter valued at $33,000. True Wealth Design LLC increased its position in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the period. Continuum Advisory LLC increased its position in shares of Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Copart during the 4th quarter valued at $54,000. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now owns 7,850 shares in the company, valued at $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 398,790 shares of company stock worth $23,161,540 in the last three months. 9.68% of the stock is currently owned by insiders.

Copart Stock Up 0.3 %

Shares of NASDAQ CPRT opened at $56.75 on Tuesday. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 38.09 and a beta of 1.33. The stock’s fifty day simple moving average is $57.89 and its 200 day simple moving average is $55.78. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report 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.