Fox Run Management L.L.C. Takes Position in Copart, Inc. (NASDAQ:CPRT)

Fox Run Management L.L.C. purchased a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,943 shares of the business services provider's stock, valued at approximately $1,317,000.

A number of other hedge funds also recently bought and sold shares of the company. Sandy Spring Bank grew its stake in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Quarry LP bought a new stake in Copart during the third quarter valued at approximately $29,000. True Wealth Design LLC increased its holdings in 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. Curio Wealth LLC bought a new position in Copart in the fourth quarter worth approximately $52,000. Finally, Continuum Advisory LLC boosted its stake in shares of Copart by 88.6% during the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock worth $55,000 after acquiring an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analysts Set New Price Targets

Separately, Argus cut Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

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Insider Buying and Selling at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold 385,480 shares of company stock worth $21,667,683 over the last quarter. Insiders own 9.68% of the company's stock.

Copart Price Performance

Shares of NASDAQ CPRT traded up $0.34 during midday trading on Tuesday, reaching $55.40. 1,191,527 shares of the stock traded hands, compared to its average volume of 4,015,652. The company's 50 day moving average is $56.42 and its 200 day moving average is $56.07. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The stock has a market capitalization of $53.52 billion, a PE ratio of 37.19 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. As a group, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

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.