Fox Run Management L.L.C. Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Fox Run Management L.L.C. purchased a new stake in Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, Holdings Channel.com reports. The firm purchased 22,943 shares of the business services provider’s stock, valued at approximately $1,317,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Sandy Spring Bank grew its holdings in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Quarry LP acquired a new position in Copart during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC grew its stake in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after buying an additional 608 shares during the last quarter. Curio Wealth LLC acquired a new stake in Copart in the fourth quarter worth $52,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Copart in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 415,480 shares of company stock valued at $23,407,983 over the last 90 days. 9.68% of the stock is currently owned by company insiders.

Copart Trading Down 0.4 %

Shares of NASDAQ CPRT opened at $53.63 on Friday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a market cap of $51.81 billion, a PE ratio of 35.99 and a beta of 1.30. The stock has a 50 day simple moving average of $56.43 and a 200-day simple moving average of $55.99.

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

Wall Street Analyst Weigh In

Separately, Argus lowered shares of 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.