Turtle Creek Wealth Advisors LLC Takes $48,000 Position in Copart, Inc. (NASDAQ:CPRT)

Turtle Creek Wealth Advisors LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 980 shares of the business services provider’s stock, valued at approximately $48,000.

Other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in Copart in the third quarter worth about $25,000. Manchester Capital Management LLC lifted its stake in Copart by 101.0% in the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock worth $27,000 after acquiring an additional 314 shares during the period. Quarry LP purchased a new stake in Copart in the first quarter worth about $29,000. Bell Investment Advisors Inc lifted its stake in Copart by 87.1% in the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after acquiring an additional 323 shares during the period. Finally, Annapolis Financial Services LLC lifted its stake in Copart by 100.0% in the third quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after acquiring an additional 360 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the transaction, the director now owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the transaction, the director now owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock worth $55,519,950 over the last 90 days. 10.23% of the stock is currently owned by corporate insiders.

Copart Stock Performance

CPRT stock opened at $56.00 on Friday. The firm has a market cap of $53.84 billion, a price-to-earnings ratio of 40.29 and a beta of 1.22. The firm has a 50-day simple moving average of $53.92 and a two-hundred day simple moving average of $49.59. Copart, Inc. has a one year low of $37.92 and a one 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 the consensus estimate of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned $0.31 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Copart presently has an average rating of “Hold” and a consensus target price of $51.00.

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.