Alaska Permanent Fund Corp Buys Shares of 880 Copart, Inc. (NASDAQ:CPRT)

Alaska Permanent Fund Corp bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 880 shares of the business services provider’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. First Citizens Bank & Trust Co. lifted its holdings in shares of Copart by 3.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the business services provider’s stock valued at $379,000 after buying an additional 268 shares during the last quarter. BSW Wealth Partners lifted its holdings in shares of Copart by 4.1% during the 4th quarter. BSW Wealth Partners now owns 6,972 shares of the business services provider’s stock valued at $342,000 after buying an additional 277 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Copart by 101.0% during the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after buying an additional 314 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of 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 buying an additional 323 shares during the last quarter. Finally, Annapolis Financial Services LLC lifted its holdings in shares of Copart by 100.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the transaction, the chairman now directly owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at $1,934,450. The disclosure for this sale can be found here. In the last ninety days, insiders sold 985,000 shares of company stock worth $55,519,950. 10.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CPRT has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.00.

Copart Stock Performance

CPRT opened at $55.73 on Friday. The business has a 50 day moving average price of $54.86 and a 200 day moving average price of $50.41. Copart, Inc. has a twelve month low of $38.53 and a twelve month high of $58.58. The firm has a market cap of $53.58 billion, a P/E ratio of 40.09 and a beta of 1.22.

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

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.