Hamilton Point Investment Advisors LLC Invests $210,000 in Copart, Inc. (NASDAQ:CPRT)

Hamilton Point Investment Advisors LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 3,652 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also modified their holdings of CPRT. Algert Global LLC purchased a new stake in shares of Copart during the second quarter worth about $551,000. Creative Planning increased its stake in shares of Copart by 3.8% during the second quarter. Creative Planning now owns 139,956 shares of the business services provider’s stock worth $7,580,000 after purchasing an additional 5,166 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Copart by 19.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 40,159 shares of the business services provider’s stock worth $2,175,000 after purchasing an additional 6,548 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Copart by 4.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 27,418 shares of the business services provider’s stock worth $1,485,000 after acquiring an additional 1,127 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in Copart by 3.2% during the second quarter. EP Wealth Advisors LLC now owns 10,736 shares of the business services provider’s stock worth $581,000 after acquiring an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Up 2.2 %

CPRT opened at $58.56 on Friday. The firm has a market capitalization of $56.42 billion, a PE ratio of 41.24 and a beta of 1.33. Copart, Inc. has a twelve month low of $47.92 and a twelve month high of $64.38. The firm’s 50-day moving average price is $59.21 and its 200 day moving average price is $54.90.

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

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction dated 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 in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last ninety days. 9.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Copart 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.