One Plus One Wealth Management LLC Has $340,000 Stock Position in Copart, Inc. (NASDAQ:CPRT)

One Plus One Wealth Management LLC grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,930 shares of the business services provider’s stock after purchasing an additional 1,141 shares during the period. One Plus One Wealth Management LLC’s holdings in Copart were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Optimum Investment Advisors boosted its position in Copart by 141.5% during the third 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 bought a new stake in shares of Copart during the 3rd quarter worth approximately $29,000. Quarry LP acquired a new stake in shares of Copart in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Copart in the third quarter valued at $33,000. Finally, True Wealth Design LLC increased its holdings in Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Activity

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

Copart Stock Down 0.4 %

NASDAQ:CPRT opened at $59.02 on Thursday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a market capitalization of $56.87 billion, a price-to-earnings ratio of 41.56 and a beta of 1.33. The stock’s 50 day moving average price is $58.38 and its two-hundred day moving average price is $55.32.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note 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.