Wealthspire Advisors LLC Has $393,000 Stake in Copart, Inc. (NASDAQ:CPRT)

Wealthspire Advisors LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,839 shares of the business services provider’s stock after selling 680 shares during the period. Wealthspire Advisors LLC’s holdings in Copart were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. TCW Group Inc. lifted its position in Copart by 284.5% during the 4th quarter. TCW Group Inc. now owns 45,947 shares of the business services provider’s stock worth $2,637,000 after acquiring an additional 33,998 shares during the last quarter. Navellier & Associates Inc. grew its position in Copart by 30.6% during the fourth quarter. Navellier & Associates Inc. now owns 26,785 shares of the business services provider’s stock worth $1,537,000 after buying an additional 6,269 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in Copart during the fourth quarter worth about $304,000. Transcend Capital Advisors LLC increased its stake in Copart by 20.4% during the fourth quarter. Transcend Capital Advisors LLC now owns 13,721 shares of the business services provider’s stock valued at $787,000 after acquiring an additional 2,322 shares during the period. Finally, Suncoast Equity Management raised its holdings in Copart by 8.0% in the 4th quarter. Suncoast Equity Management now owns 30,220 shares of the business services provider’s stock valued at $1,734,000 after acquiring an additional 2,230 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 398,790 shares of company stock valued at $23,161,540. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

Copart Trading Down 0.9 %

Shares of CPRT stock opened at $56.27 on Thursday. The stock has a 50 day moving average of $57.75 and a two-hundred day moving average of $55.82. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company has a market capitalization of $54.22 billion, a P/E ratio of 37.77 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts predict that Copart, Inc. will post 1.57 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.