Edge Capital Group LLC Has $589,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Edge Capital Group LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 57.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,256 shares of the business services provider’s stock after acquiring an additional 3,728 shares during the quarter. Edge Capital Group LLC’s holdings in Copart were worth $589,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Copart during the third quarter worth $29,000. Ashton Thomas Securities LLC acquired a new stake in Copart during the 3rd quarter worth $33,000. True Wealth Design LLC lifted 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 acquiring an additional 608 shares in the last quarter. Continuum Advisory LLC grew its stake in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Copart in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 0.3 %

Shares of CPRT stock opened at $56.75 on Tuesday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a fifty day moving average of $57.89 and a 200-day moving average of $55.78. The company has a market capitalization of $54.68 billion, a price-to-earnings ratio of 38.09 and a beta of 1.33.

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. The firm 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%. On average, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Insider Activity at Copart

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