Copart, Inc. (NASDAQ:CPRT) Stake Lifted by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,981 shares of the business services provider’s stock after buying an additional 391 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Copart were worth $250,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. lifted its position in Copart by 3.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the business services provider’s stock worth $379,000 after buying an additional 268 shares in the last quarter. BSW Wealth Partners raised its holdings in shares of Copart by 4.1% during the fourth quarter. BSW Wealth Partners now owns 6,972 shares of the business services provider’s stock worth $342,000 after acquiring an additional 277 shares in the last quarter. Manchester Capital Management LLC boosted its position in Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 314 shares during the last quarter. Bell Investment Advisors Inc increased its position in Copart by 87.1% in the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after purchasing an additional 323 shares during the last quarter. Finally, Annapolis Financial Services LLC raised its stake in shares of Copart by 100.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after purchasing an additional 360 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 985,000 shares of company stock worth $55,519,950. Company insiders own 10.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CPRT shares. JPMorgan Chase & Co. boosted their price target on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.00.

Copart Stock Down 0.0 %

Shares of CPRT stock opened at $55.71 on Tuesday. Copart, Inc. has a 12 month low of $38.83 and a 12 month high of $58.58. The company has a market cap of $53.57 billion, a PE ratio of 40.08 and a beta of 1.22. The business’s 50 day moving average is $55.00 and its two-hundred day moving average is $50.55.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business earned $0.31 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that Copart, Inc. will post 1.42 EPS for the current fiscal year.

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.