Triad Wealth Partners LLC Takes $387,000 Position in Copart, Inc. (NASDAQ:CPRT)

Triad Wealth Partners LLC bought a new position in Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,742 shares of the business services provider’s stock, valued at approximately $387,000.

Several other large investors also recently modified their holdings of the business. Crew Capital Management Ltd. boosted its holdings in Copart by 179.3% in the fourth quarter. Crew Capital Management Ltd. now owns 14,425 shares of the business services provider’s stock valued at $828,000 after acquiring an additional 9,261 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Copart by 4.8% during the 4th quarter. Keybank National Association OH now owns 43,105 shares of the business services provider’s stock valued at $2,474,000 after purchasing an additional 1,958 shares in the last quarter. Torray Investment Partners LLC increased its position in shares of Copart by 1.0% during the fourth quarter. Torray Investment Partners LLC now owns 143,486 shares of the business services provider’s stock valued at $8,235,000 after buying an additional 1,442 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in Copart by 13.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 8,417 shares of the business services provider’s stock worth $490,000 after buying an additional 989 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Copart by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,493,673 shares of the business services provider’s stock worth $315,282,000 after buying an additional 226,334 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased 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 Price Performance

NASDAQ:CPRT opened at $54.26 on Wednesday. The firm’s 50-day moving average price is $57.45 and its 200-day moving average price is $55.96. The company has a market capitalization of $52.28 billion, a PE ratio of 36.42 and a beta of 1.33. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.13 billion. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly 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. Over the last 90 days, insiders sold 398,790 shares of company stock worth $23,161,540. 9.68% of the stock is owned by insiders.

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.