Copart, Inc. (NASDAQ:CPRT) Shares Bought by Oarsman Capital Inc.

Oarsman Capital Inc. lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,795 shares of the business services provider’s stock after buying an additional 306 shares during the period. Oarsman Capital Inc.’s holdings in Copart were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CPRT. Sandy Spring Bank boosted its stake in Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the period. Quarry LP acquired a new position in shares of Copart in the 3rd quarter worth approximately $29,000. Curio Wealth LLC purchased a new position in shares of Copart during the 4th quarter worth approximately $52,000. Retirement Wealth Solutions LLC acquired a new stake in Copart in the 4th quarter valued at approximately $54,000. Finally, Continuum Advisory LLC raised its position in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $54.51 on Friday. The company’s 50-day simple moving average is $56.23 and its 200-day simple moving average is $56.38. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a market capitalization of $52.66 billion, a PE ratio of 36.58 and a beta of 1.22.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Argus lowered Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. 9.68% of the stock is owned by corporate 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.