Impact Capital Partners LLC Invests $380,000 in Copart, Inc. (NASDAQ:CPRT)

Impact Capital Partners LLC acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,626 shares of the business services provider's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Quarry LP bought a new position in shares of Copart during the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in shares of Copart during the 3rd quarter valued at about $33,000. True Wealth Design LLC boosted its holdings in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after purchasing an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Copart during the 4th quarter valued at about $54,000. Finally, Continuum Advisory LLC boosted its holdings 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 valued at $55,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Copart Price Performance

Shares of NASDAQ CPRT traded down $0.83 during mid-day trading on Tuesday, hitting $52.92. 4,044,194 shares of the company's stock traded hands, compared to its average volume of 4,018,884. The company's 50-day moving average is $56.65 and its two-hundred day moving average is $56.02. The company has a market capitalization of $51.13 billion, a P/E ratio of 35.52 and a beta of 1.30. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

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Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Matt Blunt sold 50,000 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The stock was 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 315,480 shares of company stock valued at $18,007,983 in the last ninety days. 9.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CPRT. Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. upped their target price on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research 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.