Legacy Capital Wealth Partners LLC Grows Holdings in Copart, Inc. (NASDAQ:CPRT)

Legacy Capital Wealth Partners LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,981 shares of the business services provider’s stock after acquiring an additional 391 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Copart were worth $250,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Copart in the third quarter valued at approximately $25,000. Manchester Capital Management LLC increased its holdings in Copart by 101.0% in the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock worth $27,000 after acquiring an additional 314 shares in the last quarter. Bell Investment Advisors Inc raised its position in Copart by 87.1% during the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after acquiring an additional 323 shares during the period. Annapolis Financial Services LLC lifted its holdings in Copart by 100.0% during the third quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 360 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $34,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Down 0.0 %

Shares of CPRT opened at $55.71 on Tuesday. The stock has a fifty day simple moving average of $55.00 and a two-hundred day simple moving average of $50.55. The company has a market capitalization of $53.57 billion, a PE ratio of 40.08 and a beta of 1.22. Copart, Inc. has a 52-week low of $38.83 and a 52-week high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. Copart’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. As a group, equities analysts anticipate that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at $1,934,450. The disclosure for this sale can be found here. Over the last three months, insiders sold 985,000 shares of company stock worth $55,519,950. Company insiders own 10.23% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. StockNews.com downgraded Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Copart presently has a consensus rating of “Hold” and a consensus target price of $51.00.

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.