69,040 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Kieckhefer Group LLC

Kieckhefer Group LLC purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, Holdings Channel reports. The fund purchased 69,040 shares of the business services provider’s stock, valued at approximately $3,962,000. Copart accounts for approximately 2.4% of Kieckhefer Group LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRT. Sanctuary Advisors LLC raised its position in shares of Copart by 21.2% during 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 increased its holdings 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 worth $979,547,000 after buying an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. lifted its holdings 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 worth $4,715,000 after acquiring an additional 13,554 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Copart during the 2nd quarter valued at $5,418,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Copart during the third quarter valued at approximately $1,206,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last ninety days. 9.68% of the stock is owned by corporate insiders.

Copart Stock Performance

Shares of NASDAQ CPRT traded down $0.46 during mid-day trading on Monday, hitting $55.18. The stock had a trading volume of 704,348 shares, compared to its average volume of 3,374,292. Copart, Inc. has a twelve month low of $47.31 and a twelve month high of $64.38. The company has a 50 day moving average of $58.90 and a two-hundred day moving average of $54.64. The firm has a market cap of $53.17 billion, a PE ratio of 38.86 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.