Thompson Siegel & Walmsley LLC Increases Position in Copart, Inc. (NASDAQ:CPRT)

Thompson Siegel & Walmsley LLC boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,247 shares of the business services provider’s stock after purchasing an additional 7,150 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Copart were worth $4,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP purchased a new stake in shares of Copart during the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart during the third quarter valued at approximately $33,000. True Wealth Design LLC grew its holdings in shares of Copart by 1,737.1% during the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Copart during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Insider Activity at Copart

In related news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 315,480 shares of company stock worth $18,007,983 over the last quarter. Company insiders own 9.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Stock Down 1.4 %

Shares of Copart stock opened at $52.30 on Friday. The company has a market cap of $50.53 billion, a price-to-earnings ratio of 35.10 and a beta of 1.30. The company’s 50 day moving average is $56.87 and its 200 day moving average is $55.99. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Sell-side 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.