Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,199 shares of the business services provider’s stock after purchasing an additional 19,213 shares during the period. Yousif Capital Management LLC’s holdings in Copart were worth $6,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CPRT. AE Wealth Management LLC raised its position in shares of Copart by 90.9% during the 3rd quarter. AE Wealth Management LLC now owns 19,503 shares of the business services provider’s stock valued at $840,000 after buying an additional 9,287 shares during the period. State of Alaska Department of Revenue raised its position in shares of Copart by 94.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 116,883 shares of the business services provider’s stock valued at $5,035,000 after buying an additional 56,894 shares during the period. Capital Investment Advisors LLC purchased a new stake in shares of Copart during the 3rd quarter valued at approximately $277,000. Flagship Harbor Advisors LLC raised its position in Copart by 112.3% in the third quarter. Flagship Harbor Advisors LLC now owns 6,389 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 3,380 shares during the period. Finally, DAVENPORT & Co LLC raised its position in Copart by 126.2% in the third quarter. DAVENPORT & Co LLC now owns 17,772 shares of the business services provider’s stock valued at $766,000 after purchasing an additional 9,916 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, the director now owns 35,000 shares in the company, valued at $1,934,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,934,450. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Matt Blunt sold 100,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. Insiders sold 985,000 shares of company stock worth $55,519,950 over the last 90 days. Corporate insiders own 10.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CPRT shares. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. upped their price objective on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Copart Trading Down 0.7 %

Shares of CPRT stock opened at $54.53 on Thursday. The firm has a fifty day moving average price of $54.62 and a 200 day moving average price of $50.31. The company has a market cap of $52.43 billion, a P/E ratio of 39.52 and a beta of 1.22. Copart, Inc. has a 12 month low of $38.35 and a 12 month high of $58.58.

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

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.