Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Unique Wealth LLC

Unique Wealth LLC grew its position in Copart, Inc. (NASDAQ:CPRT) by 43.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,858 shares of the business services provider’s stock after buying an additional 1,788 shares during the quarter. Unique Wealth LLC’s holdings in Copart were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CPRT. Sanctuary Advisors LLC grew its holdings in shares of Copart by 21.2% in the third 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Copart by 1.6% in the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after acquiring an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. increased its position in shares of Copart by 17.7% during the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after acquiring an additional 13,554 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Copart during the second quarter worth $5,418,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Copart in the third quarter valued at $1,206,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 0.0 %

Shares of NASDAQ:CPRT opened at $55.63 on Tuesday. The firm has a 50 day simple moving average of $58.96 and a 200-day simple moving average of $54.65. Copart, Inc. has a twelve month low of $47.31 and a twelve month high of $64.38. The company has a market capitalization of $53.60 billion, a PE ratio of 39.18 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. As a group, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred 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 valued at $39,199,813 over the last quarter. Company insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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