Mirabella Financial Services LLP Makes New $2.10 Million Investment in Copart, Inc. (NASDAQ:CPRT)

Mirabella Financial Services LLP acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,620 shares of the business services provider’s stock, valued at approximately $2,100,000.

A number of other institutional investors have also made changes to their positions in the stock. HighPoint Advisor Group LLC grew its holdings in Copart by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 175 shares during the last quarter. Sandy Spring Bank increased its stake in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the period. Lindbrook Capital LLC lifted its position in shares of Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after purchasing an additional 184 shares during the last quarter. Everpar Advisors LLC boosted its stake in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after purchasing an additional 200 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction on 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. Over the last ninety days, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

Copart Price Performance

Shares of CPRT stock opened at $59.68 on Friday. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The stock has a fifty day moving average price of $56.22 and a 200 day moving average price of $56.90. The stock has a market cap of $57.66 billion, a P/E ratio of 40.05 and a beta of 1.22.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The business 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%. Equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

About Copart

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.