Annandale Capital LLC Grows Stake in Copart, Inc. (NASDAQ:CPRT)

Annandale Capital LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 99.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,184 shares of the business services provider's stock after buying an additional 35,000 shares during the quarter. Annandale Capital LLC's holdings in Copart were worth $4,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Copart by 0.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,078,614 shares of the business services provider's stock valued at $234,072,000 after buying an additional 21,947 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Copart during the fourth quarter worth $1,050,000. Mizuho Bank Ltd. bought a new stake in shares of Copart during the 4th quarter valued at approximately $82,000. Oarsman Capital Inc. boosted its holdings in shares of Copart by 2.5% during the 4th quarter. Oarsman Capital Inc. now owns 12,795 shares of the business services provider's stock valued at $734,000 after acquiring an additional 306 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Copart during the fourth quarter worth about $15,548,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Analysts Set New Price Targets

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

Remove Ads

Copart Price Performance

Shares of CPRT traded down $0.27 during mid-day trading on Thursday, hitting $58.26. The stock had a trading volume of 3,362,267 shares, compared to its average volume of 4,368,076. The firm has a market cap of $56.28 billion, a P/E ratio of 38.73 and a beta of 1.22. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The business has a fifty day moving average price of $56.06 and a 200-day moving average price of $56.54.

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

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 9.68% of the company's stock.

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.