Threadgill Financial LLC Buys 1,582 Shares of Copart, Inc. (NASDAQ:CPRT)

Threadgill Financial LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,910 shares of the business services provider’s stock after purchasing an additional 1,582 shares during the period. Copart comprises about 2.7% of Threadgill Financial LLC’s holdings, making the stock its 9th biggest holding. Threadgill Financial LLC’s holdings in Copart were worth $5,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Optimum Investment Advisors grew its holdings in shares of Copart by 141.5% during 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 in the last quarter. Eastern Bank purchased a new stake in Copart in the 3rd quarter worth approximately $29,000. Quarry LP acquired a new stake in shares of Copart during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. grew its holdings in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Copart in the third quarter worth $33,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 over the last 90 days. 9.68% of the stock is currently owned by company insiders.

Copart Stock Down 2.0 %

CPRT stock opened at $55.64 on Monday. The firm has a 50 day moving average of $58.90 and a two-hundred day moving average of $54.64. Copart, Inc. has a 12 month low of $47.19 and a 12 month high of $64.38. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 39.18 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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 firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Copart’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, research analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped 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.

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.