HB Wealth Management LLC Buys 1,343 Shares of Copart, Inc. (NASDAQ:CPRT)

HB Wealth Management LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,702 shares of the business services provider’s stock after purchasing an additional 1,343 shares during the quarter. HB Wealth Management LLC’s holdings in Copart were worth $1,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Optimum Investment Advisors boosted its position in shares of Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank bought a new position in Copart in the third quarter worth approximately $29,000. Quarry LP acquired a new stake in Copart in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Copart during the third quarter worth approximately $33,000. Finally, True Wealth Design LLC lifted its holdings in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 0.9 %

Shares of Copart stock opened at $56.90 on Tuesday. Copart, Inc. has a 52 week low of $47.51 and a 52 week high of $64.38. The business has a 50 day moving average price of $59.08 and a 200-day moving average price of $54.74. The company has a market cap of $54.82 billion, a PE ratio of 40.07 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 for the quarter, meeting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $0.34 EPS. The business’s revenue was up 12.4% on a year-over-year basis. As a group, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price target 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.

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.