GWN Securities Inc. Invests $565,000 in Copart, Inc. (NASDAQ:CPRT)

GWN Securities Inc. purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,785 shares of the business services provider’s stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Mn Services Vermogensbeheer B.V. raised its stake in Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock valued at $19,494,000 after purchasing an additional 8,300 shares during the last quarter. National Pension Service raised its stake in Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock valued at $89,417,000 after purchasing an additional 48,334 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Copart in the 4th quarter valued at about $3,962,000. Sanctuary Advisors LLC raised its stake in Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its stake in Copart by 47.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider’s stock valued at $22,565,000 after purchasing an additional 126,436 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CPRT. Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Copart Price Performance

CPRT opened at $52.65 on Monday. The stock has a market capitalization of $50.86 billion, a price-to-earnings ratio of 35.34 and a beta of 1.30. The business has a 50-day moving average of $56.71 and a two-hundred day moving average of $56.01. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

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

Insider Transactions at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is currently owned by company insiders.

Copart Company 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.