May Barnhard Investments LLC Invests $502,000 in Copart, Inc. (NASDAQ:CPRT)

May Barnhard Investments LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 8,744 shares of the business services provider’s stock, valued at approximately $502,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Copart during the 3rd quarter valued at $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 lifted 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 acquiring an additional 608 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Copart during the fourth quarter worth $54,000. Finally, Continuum Advisory LLC raised its holdings in Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after buying an additional 452 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Copart Trading Down 1.4 %

CPRT opened at $52.30 on Friday. The company’s fifty day moving average price is $56.87 and its two-hundred day moving average price is $55.99. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company has a market cap of $50.53 billion, a price-to-earnings ratio of 35.10 and a beta of 1.30.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $1,160,200. This represents a 60.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 315,480 shares of company stock worth $18,007,983 in the last quarter. 9.68% of the stock is currently owned by corporate insiders.

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.