Copart, Inc. (NASDAQ:CPRT) Shares Bought by Choreo LLC

Choreo LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,728 shares of the business services provider’s stock after purchasing an additional 563 shares during the quarter. Choreo LLC’s holdings in Copart were worth $3,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Optimum Investment Advisors boosted its holdings in 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 3rd quarter valued at about $29,000. Quarry LP acquired a new position in Copart in the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in Copart in the 3rd quarter valued at about $33,000. Finally, True Wealth Design LLC boosted its holdings in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 in the last ninety days. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $59.19 on Friday. The firm’s 50 day moving average price is $58.69 and its 200-day moving average price is $55.09. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The firm has a market cap of $57.03 billion, a P/E ratio of 41.68 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 EPS for the quarter, hitting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.

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.