Blue Square Asset Management LLC Purchases New Position in Copart, Inc. (NASDAQ:CPRT)

Blue Square Asset Management LLC acquired a new position in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,664 shares of the business services provider’s stock, valued at approximately $210,000.

Other hedge funds have also modified their holdings of the company. 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 worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank acquired a new position in shares of Copart during the 3rd quarter worth approximately $29,000. Quarry LP purchased a new position in shares of Copart during the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in Copart in the 3rd quarter valued at $33,000. Finally, True Wealth Design LLC increased 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 worth $34,000 after acquiring an additional 608 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 in the last quarter. Company insiders own 9.68% of the company’s stock.

Copart Trading Up 0.2 %

Shares of NASDAQ CPRT opened at $57.70 on Friday. The company has a 50-day moving average of $59.10 and a 200 day moving average of $54.82. Copart, Inc. has a 12-month low of $47.73 and a 12-month high of $64.38. The stock has a market cap of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised 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.

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.