Chicago Partners Investment Group LLC Acquires 348 Shares of Copart, Inc. (NASDAQ:CPRT)

Chicago Partners Investment Group LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 5.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,568 shares of the business services provider’s stock after purchasing an additional 348 shares during the period. Chicago Partners Investment Group LLC’s holdings in Copart were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CPRT. Optimum Investment Advisors boosted its stake in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank acquired a new position in Copart in the third quarter valued at $29,000. Quarry LP bought a new stake in Copart during the third quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in Copart during the 3rd quarter worth about $33,000. Finally, True Wealth Design LLC raised its position 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 acquiring an additional 608 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Price Performance

Shares of CPRT opened at $57.86 on Wednesday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a market cap of $55.75 billion, a PE ratio of 40.75 and a beta of 1.33. The stock has a 50-day moving average of $58.88 and a 200-day moving average of $55.03.

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

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.