Planned Solutions Inc. Buys Shares of 2,160 Copart, Inc. (NASDAQ:CPRT)

Planned Solutions Inc. bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,160 shares of the business services provider’s stock, valued at approximately $106,000.

Other hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Copart during the third quarter valued at approximately $25,000. Manchester Capital Management LLC increased its holdings in shares of Copart by 101.0% in the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares during the last quarter. Quarry LP acquired a new stake in Copart during the first quarter worth about $29,000. Bell Investment Advisors Inc boosted its position in Copart by 87.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 323 shares during the period. Finally, Annapolis Financial Services LLC grew its position in shares of Copart by 100.0% during the third quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,934,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Thomas N. Tryforos sold 285,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 705,000 shares of company stock worth $35,910,750. Company insiders own 10.23% of the company’s stock.

Copart Stock Performance

CPRT opened at $57.24 on Thursday. Copart, Inc. has a twelve month low of $36.30 and a twelve month high of $57.90. The business has a 50 day moving average price of $52.13 and a 200 day moving average price of $48.65. The firm has a market cap of $55.04 billion, a P/E ratio of 41.18 and a beta of 1.22.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. Copart’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, analysts anticipate that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. HSBC initiated coverage on Copart in a research report on Monday, December 4th. They issued a “hold” rating and a $51.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on Copart in a research report on Tuesday, February 27th. They set a “neutral” rating and a $48.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.00.

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.