Lawson Kroeker Investment Management Inc. NE Has $16.04 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Lawson Kroeker Investment Management Inc. NE reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 279,546 shares of the business services provider’s stock after selling 4,587 shares during the quarter. Copart makes up approximately 3.0% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 7th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Copart were worth $16,043,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of CPRT. Algert Global LLC purchased a new stake in Copart in the 2nd quarter worth approximately $551,000. Creative Planning increased its holdings in Copart by 3.8% in the 2nd quarter. Creative Planning now owns 139,956 shares of the business services provider’s stock worth $7,580,000 after acquiring an additional 5,166 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Copart by 19.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,159 shares of the business services provider’s stock worth $2,175,000 after acquiring an additional 6,548 shares in the last quarter. Regal Investment Advisors LLC increased its holdings in Copart by 5.1% in the 2nd quarter. Regal Investment Advisors LLC now owns 10,309 shares of the business services provider’s stock worth $558,000 after acquiring an additional 497 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Copart by 4.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 27,418 shares of the business services provider’s stock worth $1,485,000 after acquiring an additional 1,127 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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.

Insider Activity

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

Copart Price Performance

CPRT stock opened at $57.32 on Thursday. Copart, Inc. has a 1-year low of $47.92 and a 1-year high of $64.38. The company has a market capitalization of $55.23 billion, a price-to-earnings ratio of 40.37 and a beta of 1.33. The business has a 50 day simple moving average of $59.18 and a two-hundred day simple moving average of $54.88.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Sell-side analysts anticipate that Copart, Inc. will post 1.57 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.