Mitchell & Pahl Private Wealth LLC Acquires 675 Shares of Copart, Inc. (NASDAQ:CPRT)

Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,041 shares of the business services provider’s stock after acquiring an additional 675 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Copart were worth $1,150,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Optimum Investment Advisors grew its holdings in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank purchased a new stake in Copart in the 3rd quarter valued at about $29,000. Quarry LP bought a new position in Copart in the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in Copart in the 3rd quarter worth about $33,000. Finally, True Wealth Design LLC increased its position in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after acquiring an additional 608 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

CPRT stock opened at $56.90 on Tuesday. The business has a 50-day moving average price of $59.08 and a 200 day moving average price of $54.74. The company has a market capitalization of $54.82 billion, a P/E ratio of 40.07 and a beta of 1.33. Copart, Inc. has a 1-year low of $47.51 and a 1-year high of $64.38.

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

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the sale, the director now owns 7,850 shares of the company’s stock, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 over the last 90 days. Corporate insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Company 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.