New York Life Investment Management LLC Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

New York Life Investment Management LLC boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,322 shares of the business services provider’s stock after purchasing an additional 1,039 shares during the quarter. New York Life Investment Management LLC’s holdings in Copart were worth $6,733,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in Copart during the third quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart during the third quarter valued at $33,000. True Wealth Design LLC raised its stake in Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the fourth quarter valued at $54,000. Finally, Continuum Advisory LLC raised its stake in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.8 %

Shares of CPRT opened at $54.80 on Friday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company has a market cap of $52.80 billion, a P/E ratio of 36.78 and a beta of 1.33. The company’s fifty day simple moving average is $57.62 and its 200-day simple moving average is $55.85.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was 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. Over the last ninety days, insiders have sold 398,790 shares of company stock worth $23,161,540. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased 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.

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.