Torray Investment Partners LLC Has $8.24 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Torray Investment Partners LLC grew its position in Copart, Inc. (NASDAQ:CPRT) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 143,486 shares of the business services provider’s stock after buying an additional 1,442 shares during the period. Torray Investment Partners LLC’s holdings in Copart were worth $8,235,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Mn Services Vermogensbeheer B.V. increased its holdings in shares of 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 in the last quarter. National Pension Service increased its stake in Copart by 3.2% during 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. Kieckhefer Group LLC acquired a new stake in Copart during the 4th quarter worth approximately $3,962,000. Sanctuary Advisors LLC lifted its stake in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after buying an additional 9,222 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Copart by 1.6% in the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after buying an additional 291,580 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock worth $23,161,540 in the last quarter. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Performance

NASDAQ CPRT opened at $54.65 on Tuesday. The stock has a market capitalization of $52.66 billion, a price-to-earnings ratio of 36.68 and a beta of 1.33. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The stock’s 50 day moving average price is $57.55 and its two-hundred day moving average price is $55.94.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, equities research analysts forecast 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.