Transcend Capital Advisors LLC Has $787,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Transcend Capital Advisors LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,721 shares of the business services provider’s stock after acquiring an additional 2,322 shares during the period. Transcend Capital Advisors LLC’s holdings in Copart were worth $787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPRT. Kieckhefer Group LLC acquired a new stake in shares of Copart in the 4th quarter valued at about $3,962,000. Sanctuary Advisors LLC grew its holdings in shares of Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares in the last quarter. Geode Capital Management LLC raised its position in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after buying an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. lifted its stake in Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after acquiring an additional 13,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Copart during the 3rd quarter worth approximately $1,206,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. This trade represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by insiders.

Copart Price Performance

Copart stock opened at $56.61 on Friday. The firm has a 50-day moving average of $57.97 and a 200-day moving average of $55.69. The company has a market cap of $54.55 billion, a price-to-earnings ratio of 38.00 and a beta of 1.33. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, sell-side analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

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

About Copart

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.