RDA Financial Network Has $1.48 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

RDA Financial Network lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,781 shares of the business services provider’s stock after purchasing an additional 3,049 shares during the period. RDA Financial Network’s holdings in Copart were worth $1,480,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Kieckhefer Group LLC bought a new position in Copart during the fourth quarter worth about $3,962,000. Sanctuary Advisors LLC boosted its stake in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after acquiring an additional 9,222 shares during the last quarter. Geode Capital Management LLC boosted its stake in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after acquiring an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. increased 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 valued at $4,715,000 after purchasing an additional 13,554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Copart in the second quarter valued at approximately $5,418,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Insider Activity at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by corporate insiders.

Copart Price Performance

NASDAQ CPRT opened at $56.40 on Friday. Copart, Inc. has a one year low of $47.31 and a one year high of $64.38. The firm has a market cap of $54.34 billion, a P/E ratio of 39.72 and a beta of 1.33. The stock’s 50-day moving average is $59.06 and its 200-day moving average is $54.69.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. Equities analysts anticipate that Copart, Inc. will post 1.57 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.