Lindbrook Capital LLC Has $285,000 Stake in Copart, Inc. (NASDAQ:CPRT)

Lindbrook Capital LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 18.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,811 shares of the business services provider’s stock after purchasing an additional 885 shares during the period. Lindbrook Capital LLC’s holdings in Copart were worth $285,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Vanguard Group Inc. increased its stake in shares of Copart by 100.6% in the 3rd quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock valued at $4,201,821,000 after acquiring an additional 48,891,984 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Copart by 96.8% in the 3rd quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock valued at $1,715,114,000 after acquiring an additional 19,576,719 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Copart by 84.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,929,180 shares of the business services provider’s stock valued at $772,568,000 after acquiring an additional 8,205,757 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Copart by 79.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,359,152 shares of the business services provider’s stock valued at $748,006,000 after acquiring an additional 7,666,881 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Copart by 93.6% in the 3rd quarter. FMR LLC now owns 14,733,860 shares of the business services provider’s stock valued at $634,882,000 after acquiring an additional 7,122,991 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPRT. JPMorgan Chase & Co. lifted their price objective on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.00.

Insider Buying and Selling

In related news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 985,000 shares of company stock valued at $55,519,950. 10.23% of the stock is owned by insiders.

Copart Price Performance

CPRT opened at $53.30 on Tuesday. The company has a market capitalization of $51.25 billion, a price-to-earnings ratio of 38.35 and a beta of 1.22. The firm’s fifty day moving average price is $54.40 and its two-hundred day moving average price is $50.21. Copart, Inc. has a 1 year low of $38.35 and a 1 year high of $58.58.

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

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.