Bison Wealth LLC Acquires Shares of 4,426 Copart, Inc. (NASDAQ:CPRT)

Bison Wealth LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,426 shares of the business services provider’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in shares of Copart during the 3rd quarter worth about $25,000. Manchester Capital Management LLC raised its holdings 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 buying an additional 314 shares during the last quarter. Quarry LP acquired a new position in shares of Copart during the first quarter worth approximately $29,000. Bell Investment Advisors Inc boosted its position in Copart by 87.1% in the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after buying an additional 323 shares during the last quarter. Finally, Annapolis Financial Services LLC lifted its position in Copart by 100.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the sale, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman A Jayson Adair sold 600,000 shares of the 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 transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 985,000 shares of company stock valued at $55,519,950. 10.23% of the stock is currently owned by company insiders.

Copart Price Performance

CPRT stock opened at $54.02 on Thursday. Copart, Inc. has a one year low of $38.35 and a one year high of $58.58. The stock has a market cap of $51.94 billion, a PE ratio of 38.86 and a beta of 1.22. The firm has a 50 day simple moving average of $54.26 and a two-hundred day simple moving average of $49.96.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. Copart’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, research analysts expect that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPRT has been the topic of a number of research reports. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. increased their target price on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.00.

Copart 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.