Regal Investment Advisors LLC Purchases 236 Shares of Copart, Inc. (NASDAQ:CPRT)

Regal Investment Advisors LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,900 shares of the business services provider’s stock after purchasing an additional 236 shares during the quarter. Regal Investment Advisors LLC’s holdings in Copart were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Mn Services Vermogensbeheer B.V. raised its position in Copart by 2.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider’s stock worth $19,494,000 after acquiring an additional 8,300 shares during the period. National Pension Service increased its stake in shares of Copart by 3.2% in the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider’s stock worth $89,417,000 after purchasing an additional 48,334 shares in the last quarter. Tsai Capital Corp raised its holdings in Copart by 13.3% in the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider’s stock worth $3,540,000 after purchasing an additional 7,230 shares during the period. Kieckhefer Group LLC purchased a new position in Copart during the fourth quarter valued at $3,962,000. Finally, Sanctuary Advisors LLC grew its holdings in Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after purchasing an additional 9,222 shares during the period. Institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is owned by company insiders.

Copart Price Performance

Shares of CPRT stock opened at $59.44 on Thursday. The company has a market capitalization of $57.42 billion, a price-to-earnings ratio of 39.89 and a beta of 1.22. The company’s fifty day moving average price is $56.19 and its 200-day moving average price is $56.77. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

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

Analysts Set New Price Targets

Separately, Argus cut Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

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.