Wisconsin Capital Management LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 91,425 shares of the business services provider’s stock after buying an additional 853 shares during the quarter. Copart comprises about 2.7% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Wisconsin Capital Management LLC’s holdings in Copart were worth $4,480,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. OFI Invest Asset Management acquired a new position in Copart in the 3rd quarter valued at $25,000. Manchester Capital Management LLC grew its stake in shares of Copart by 101.0% in the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares in the last quarter. Bell Investment Advisors Inc increased its position in Copart by 87.1% during the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after acquiring an additional 323 shares during the period. Annapolis Financial Services LLC raised its stake in Copart by 100.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after purchasing an additional 360 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Copart by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 800 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Institutional investors own 85.78% of the company’s stock.
Insiders Place Their Bets
In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the sale, the director now directly owns 35,000 shares of the company’s stock, valued at $1,934,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now owns 35,000 shares in the company, valued at $1,934,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock valued at $55,519,950 in the last three months. 10.23% of the stock is currently owned by insiders.
Copart Stock Up 0.5 %
Copart (NASDAQ:CPRT – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. As a group, equities research analysts expect that Copart, Inc. will post 1.42 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.00.
Check Out Our Latest Analysis on CPRT
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.
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