Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Cavalier Investments LLC

Cavalier Investments LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 51,917 shares of the business services provider’s stock after purchasing an additional 2,152 shares during the quarter. Copart comprises approximately 1.0% of Cavalier Investments LLC’s investment portfolio, making the stock its 22nd biggest holding. Cavalier Investments LLC’s holdings in Copart were worth $2,980,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Copart in the third quarter worth approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in Copart in the third quarter worth approximately $33,000. True Wealth Design LLC lifted its position in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Copart in the fourth quarter worth approximately $54,000. Finally, Continuum Advisory LLC lifted its position in shares of Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 398,790 shares of company stock valued at $23,161,540 in the last three months. 9.68% of the stock is currently owned by company insiders.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $56.77 on Wednesday. The stock has a fifty day moving average of $57.81 and a 200-day moving average of $55.82. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a market capitalization of $54.70 billion, a PE ratio of 38.10 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research 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.