Maripau Wealth Management LLC Invests $390,000 in Copart, Inc. (NASDAQ:CPRT)

Maripau Wealth Management LLC bought a new position in Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,796 shares of the business services provider’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cadence Bank lifted its holdings in shares of Copart by 0.6% in the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after acquiring an additional 178 shares during the last quarter. Everpar Advisors LLC increased its position in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 199 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Copart by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after buying an additional 200 shares during the last quarter. Simmons Bank grew its position in shares of Copart by 4.4% in the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock worth $271,000 after buying an additional 200 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Copart by 2.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock worth $529,000 after buying an additional 208 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.8 %

NASDAQ:CPRT opened at $54.80 on Friday. The company has a market cap of $52.80 billion, a PE ratio of 36.78 and a beta of 1.33. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company’s 50 day moving average is $57.62 and its two-hundred day moving average is $55.85.

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

Insider Buying and Selling at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 398,790 shares of company stock worth $23,161,540. Company insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

About Copart

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.