Copart, Inc. (NASDAQ:CPRT) Shares Bought by Buckhead Capital Management LLC

Buckhead Capital Management LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 14,299 shares of the business services provider’s stock after purchasing an additional 318 shares during the quarter. Buckhead Capital Management LLC’s holdings in Copart were worth $821,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. acquired a new position in shares of Copart in the 3rd quarter valued at approximately $230,000. Creative Planning increased its stake in shares of Copart by 1.2% in the third quarter. Creative Planning now owns 141,602 shares of the business services provider’s stock worth $7,420,000 after buying an additional 1,646 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Copart by 19.5% in the third quarter. Physician Wealth Advisors Inc. now owns 4,485 shares of the business services provider’s stock valued at $246,000 after acquiring an additional 733 shares in the last quarter. Optimum Investment Advisors boosted its stake in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Finally, Marshall Financial Group LLC grew its holdings in Copart by 1.7% during the 3rd quarter. Marshall Financial Group LLC now owns 28,739 shares of the business services provider’s stock worth $1,506,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 1.4 %

Shares of CPRT opened at $59.83 on Friday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The firm has a market cap of $57.65 billion, a price-to-earnings ratio of 42.13 and a beta of 1.33. The stock has a 50 day moving average of $58.34 and a 200-day moving average of $55.35.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction 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 Securities & Exchange Commission, which is available at the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is currently owned by insiders.

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.