Dynamic Technology Lab Private Ltd Invests $1.05 Million in Copart, Inc. (NASDAQ:CPRT)

Dynamic Technology Lab Private Ltd acquired a new stake in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,297 shares of the business services provider’s stock, valued at approximately $1,050,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its position in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Quarry LP purchased a new position in Copart during the third quarter worth $29,000. Curio Wealth LLC acquired a new position in shares of Copart in the fourth quarter worth $52,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the fourth quarter valued at $54,000. Finally, Continuum Advisory LLC boosted its stake in shares of Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Copart Stock Performance

CPRT stock opened at $54.51 on Friday. The company has a 50 day moving average price of $56.23 and a two-hundred day moving average price of $56.42. The stock has a market capitalization of $52.66 billion, a P/E ratio of 36.58 and a beta of 1.22. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

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 analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In related news, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 9.68% of the company’s stock.

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.