Metis Global Partners LLC Increases Stake in Copart, Inc. (NASDAQ:CPRT)

Metis Global Partners LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,813 shares of the business services provider’s stock after buying an additional 7,673 shares during the period. Metis Global Partners LLC’s holdings in Copart were worth $2,687,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Copart during the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart in the 3rd quarter valued at approximately $33,000. True Wealth Design LLC increased 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 valued at $34,000 after purchasing an additional 608 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Copart by 88.6% in the 3rd 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 last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Copart in the 4th quarter valued at approximately $54,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Copart Trading Down 0.8 %

Shares of NASDAQ:CPRT opened at $54.80 on Friday. The company’s 50 day moving average is $57.62 and its two-hundred day moving average is $55.89. The company has a market cap of $52.80 billion, a PE ratio of 36.78 and a beta of 1.33. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now owns 7,850 shares of the company’s stock, 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 398,790 shares of company stock valued at $23,161,540 in the last ninety days. Insiders own 9.68% of the company’s stock.

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.