Signaturefd LLC Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

Signaturefd LLC increased its position in Copart, Inc. (NASDAQ:CPRTFree Report) by 105.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,998 shares of the business services provider’s stock after purchasing an additional 8,216 shares during the quarter. Signaturefd LLC’s holdings in Copart were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in Copart by 945.2% during the 2nd quarter. Acadian Asset Management LLC now owns 85,828 shares of the business services provider’s stock valued at $7,821,000 after acquiring an additional 77,616 shares during the last quarter. Trexquant Investment LP boosted its stake in Copart by 110.3% during the 2nd quarter. Trexquant Investment LP now owns 122,263 shares of the business services provider’s stock valued at $11,152,000 after acquiring an additional 64,136 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Copart during the 2nd quarter valued at $1,060,000. Welch & Forbes LLC boosted its stake in Copart by 97.9% during the 3rd quarter. Welch & Forbes LLC now owns 43,642 shares of the business services provider’s stock valued at $1,881,000 after acquiring an additional 21,584 shares during the last quarter. Finally, Ingalls & Snyder LLC boosted its stake in Copart by 98.8% during the 3rd quarter. Ingalls & Snyder LLC now owns 365,782 shares of the business services provider’s stock valued at $15,762,000 after acquiring an additional 181,831 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Copart news, Director Daniel J. Englander sold 320,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total transaction of $15,052,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Willis J. Johnson sold 100,765 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $49.83, for a total transaction of $5,021,119.95. Following the completion of the transaction, the chairman now owns 50,681,963 shares in the company, valued at approximately $2,525,482,216.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 320,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total transaction of $15,052,800.00. The disclosure for this sale can be found here. Corporate insiders own 10.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Copart from a “hold” rating to a “buy” rating in a research note on Monday, October 30th. HSBC started coverage on shares of Copart in a research report on Monday, December 4th. They issued a “hold” rating and a $51.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.50.

Read Our Latest Analysis on CPRT

Copart Price Performance

Shares of CPRT stock traded down $0.93 during trading hours on Friday, reaching $48.06. The stock had a trading volume of 6,238,698 shares, compared to its average volume of 4,228,627. Copart, Inc. has a twelve month low of $32.96 and a twelve month high of $51.53. The firm has a 50-day simple moving average of $48.84 and a 200-day simple moving average of $48.33. The firm has a market capitalization of $46.15 billion, a PE ratio of 35.21 and a beta of 1.20.

Copart (NASDAQ:CPRTGet Free Report) last released its quarterly earnings data on Thursday, November 16th. The business services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Copart had a net margin of 33.14% and a return on equity of 22.45%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $987.90 million. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities analysts anticipate that Copart, Inc. will post 1.45 earnings per share for the current year.

Copart Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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