Retirement Guys Formula LLC Purchases 1,387 Shares of Copart, Inc. (NASDAQ:CPRT)

Retirement Guys Formula LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,998 shares of the business services provider’s stock after purchasing an additional 1,387 shares during the period. Retirement Guys Formula LLC’s holdings in Copart were worth $1,549,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CPRT. Cadence Bank lifted its stake in shares of Copart by 0.6% in the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after acquiring an additional 178 shares during the last quarter. Everpar Advisors LLC lifted its stake in shares of Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 199 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Copart by 2.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 208 shares during the period. Covestor Ltd increased its holdings in Copart by 5.1% during the 3rd quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 209 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Copart by 0.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock valued at $1,447,000 after purchasing an additional 213 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $59.23 on Wednesday. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company has a market cap of $57.07 billion, a PE ratio of 41.71 and a beta of 1.33. The stock’s 50-day moving average is $58.46 and its 200 day moving average is $55.29.

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

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was 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. In the last quarter, insiders have sold 650,213 shares of company stock worth $39,199,813. Company 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.