Lake Street Advisors Group LLC Increases Position in Copart, Inc. (NASDAQ:CPRT)

Lake Street Advisors Group LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 10.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,688 shares of the business services provider’s stock after purchasing an additional 809 shares during the period. Lake Street Advisors Group LLC’s holdings in Copart were worth $499,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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 report on Tuesday, November 19th.

Copart Trading Down 1.8 %

Shares of NASDAQ CPRT opened at $55.23 on Friday. The stock has a market cap of $53.22 billion, a P/E ratio of 37.07 and a beta of 1.33. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock has a 50 day moving average of $57.69 and a two-hundred day moving average of $55.82.

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

Insider Transactions at Copart

In related news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last three months, insiders sold 398,790 shares of company stock valued at $23,161,540. Corporate insiders own 9.68% of the company’s stock.

Copart 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.