Maripau Wealth Management LLC Buys New Stake in Copart, Inc. (NASDAQ:CPRT)

Maripau Wealth Management LLC purchased a new position in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,796 shares of the business services provider’s stock, valued at approximately $390,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Copart in the 3rd quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart in the 3rd quarter worth $33,000. 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. Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter worth $54,000. Finally, Continuum Advisory LLC increased its holdings in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.8 %

Copart stock opened at $54.80 on Friday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm has a market capitalization of $52.80 billion, a price-to-earnings ratio of 36.78 and a beta of 1.33. The company has a fifty day simple moving average of $57.62 and a 200-day simple moving average of $55.85.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares of the company’s stock, valued at $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock valued at $23,161,540 over the last 90 days. 9.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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