Applied Capital LLC FL Has $702,000 Stock Position in Copart, Inc. (NASDAQ:CPRT)

Applied Capital LLC FL lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 12,225 shares of the business services provider’s stock after selling 270 shares during the quarter. Applied Capital LLC FL’s holdings in Copart were worth $702,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Optimum Investment Advisors grew its position in shares of Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the period. Eastern Bank bought a new position in shares of Copart in the 3rd quarter worth $29,000. Quarry LP acquired a new stake in shares of Copart during the third quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in Copart in the third quarter valued at about $33,000. Finally, True Wealth Design LLC lifted its stake in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the period. 85.78% of the stock is owned by institutional investors.

Copart Price Performance

NASDAQ:CPRT opened at $57.70 on Friday. The business’s 50-day simple moving average is $59.10 and its 200-day simple moving average is $54.82. Copart, Inc. has a fifty-two week low of $47.73 and a fifty-two week high of $64.38. The stock has a market capitalization of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. On average, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now owns 7,850 shares of the company’s stock, valued at $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were 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. In the last ninety days, insiders sold 650,213 shares of company stock valued at $39,199,813. Company insiders own 9.68% of the company’s stock.

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.