Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 20,041 shares of the business services provider’s stock after buying an additional 675 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Copart were worth $1,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Optimum Investment Advisors raised its stake in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank acquired a new position in shares of Copart during the third quarter valued at about $29,000. Quarry LP purchased a new position in shares of Copart in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in Copart in the 3rd quarter worth approximately $33,000. Finally, True Wealth Design LLC grew its position in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock worth $39,199,813 over the last three months. Company insiders own 9.68% of the company’s stock.

Copart Stock Up 0.9 %

Copart stock opened at $56.90 on Tuesday. The stock has a 50-day moving average price of $59.08 and a 200 day moving average price of $54.74. The company has a market capitalization of $54.82 billion, a price-to-earnings ratio of 40.07 and a beta of 1.33. Copart, Inc. has a 52 week low of $47.51 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.