Howard Capital Management Inc. Has $1.35 Million Position in Copart, Inc. (NASDAQ:CPRT)

Howard Capital Management Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,580 shares of the business services provider’s stock after acquiring an additional 848 shares during the period. Howard Capital Management Inc.’s holdings in Copart were worth $1,353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Eastern Bank bought a new stake in shares of Copart during the 3rd quarter valued at $29,000. Quarry LP bought a new position in Copart during the third quarter worth about $29,000. Ashton Thomas Securities LLC bought a new position in Copart during the third quarter worth about $33,000. True Wealth Design LLC boosted its holdings 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 buying an additional 608 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in Copart during the fourth quarter worth about $54,000. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $56.61 on Monday. The company has a 50 day moving average price of $57.97 and a two-hundred day moving average price of $55.73. The company has a market capitalization of $54.55 billion, a PE ratio of 38.00 and a beta of 1.33. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for 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%. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by corporate insiders.

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.