Nkcfo LLC Acquires New Stake in Copart, Inc. (NASDAQ:CPRT)

Nkcfo LLC bought a new position in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,500 shares of the business services provider’s stock, valued at approximately $143,000.

Other hedge funds have also recently made changes to their positions in the company. Optimum Investment Advisors increased its holdings in Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Eastern Bank purchased a new position in shares of Copart in the third quarter worth about $29,000. Quarry LP bought a new stake in shares of Copart in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart during the 3rd quarter valued at approximately $33,000. Finally, True Wealth Design LLC boosted its holdings in Copart by 1,737.1% in 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 period. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Down 0.7 %

CPRT stock opened at $59.39 on Friday. The firm has a 50 day moving average of $58.29 and a 200-day moving average of $55.43. The firm has a market capitalization of $57.22 billion, a P/E ratio of 41.82 and a beta of 1.33. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last announced 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. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. Sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the sale, the director now owns 7,850 shares in the company, valued at $485,601. The trade was a 91.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 650,213 shares of company stock worth $39,199,813. Insiders own 9.68% of the company’s stock.

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.