Trilogy Capital Inc. Increases Position in Copart, Inc. (NASDAQ:CPRT)

Trilogy Capital Inc. lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 23.0% during the fourth quarter, Holdings Channel reports. The fund owned 35,017 shares of the business services provider’s stock after purchasing an additional 6,548 shares during the quarter. Trilogy Capital Inc.’s holdings in Copart were worth $2,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kieckhefer Group LLC purchased a new stake in shares of Copart during the fourth quarter worth about $3,962,000. Sanctuary Advisors LLC grew its stake in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. grew its stake in Copart by 17.7% in the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after purchasing an additional 13,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Copart in the third quarter worth about $1,206,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

NASDAQ:CPRT opened at $59.19 on Friday. The company has a market capitalization of $57.03 billion, a price-to-earnings ratio of 41.68 and a beta of 1.33. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The stock has a 50-day simple moving average of $58.69 and a 200 day simple moving average of $55.09.

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

Insider Buying and Selling at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 over the last ninety days. Company insiders own 9.68% of the company’s stock.

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.