Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Buckhead Capital Management LLC

Buckhead Capital Management LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,299 shares of the business services provider’s stock after acquiring an additional 318 shares during the quarter. Buckhead Capital Management LLC’s holdings in Copart were worth $821,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRT. Optimum Investment Advisors increased its stake in shares of Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Eastern Bank purchased a new stake in Copart in the third quarter valued at approximately $29,000. Quarry LP purchased a new stake in Copart in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new position in Copart during the third quarter worth approximately $33,000. Finally, True Wealth Design LLC raised its stake in 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 purchasing an additional 608 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

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 note on Tuesday, November 19th.

Insider Activity at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. This represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by corporate insiders.

Copart Price Performance

NASDAQ CPRT opened at $59.83 on Friday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm has a market capitalization of $57.65 billion, a P/E ratio of 42.13 and a beta of 1.33. The business’s 50-day simple moving average is $58.34 and its 200-day simple moving average is $55.35.

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

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.