Copart, Inc. (NASDAQ:CPRT) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,283 shares of the business services provider’s stock after acquiring an additional 421 shares during the period. Avior Wealth Management LLC’s holdings in Copart were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CPRT. Kieckhefer Group LLC acquired a new stake in Copart during the fourth quarter valued at approximately $3,962,000. Sanctuary Advisors LLC lifted its stake in Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Geode Capital Management LLC lifted its stake in Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. lifted its stake in Copart by 17.7% during the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after purchasing an additional 13,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Copart during the third quarter valued at approximately $1,206,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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.

Copart Price Performance

CPRT stock opened at $57.32 on Thursday. Copart, Inc. has a 52-week low of $47.92 and a 52-week high of $64.38. The company’s 50 day simple moving average is $59.18 and its 200-day simple moving average is $54.88. The firm has a market capitalization of $55.23 billion, a P/E ratio of 40.37 and a beta of 1.33.

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

Insider Activity

In other Copart news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available at this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 over the last 90 days. 9.68% of the stock is owned by company insiders.

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.