Callan Family Office LLC Purchases New Position in Copart, Inc. (NASDAQ:CPRT)

Callan Family Office LLC purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,228 shares of the business services provider's stock, valued at approximately $357,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPRT. E Fund Management Co. Ltd. increased its position in shares of Copart by 32.3% in the fourth quarter. E Fund Management Co. Ltd. now owns 15,793 shares of the business services provider's stock valued at $906,000 after acquiring an additional 3,857 shares during the last quarter. Candriam S.C.A. increased its position in shares of Copart by 8.0% during the 4th quarter. Candriam S.C.A. now owns 54,609 shares of the business services provider's stock worth $3,134,000 after purchasing an additional 4,036 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock worth $345,000 after purchasing an additional 184 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Copart in the 4th quarter valued at approximately $69,162,000. Finally, Promus Capital LLC bought a new position in shares of Copart in the fourth quarter valued at $919,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on CPRT shares. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th.

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Copart Price Performance

Copart stock traded up $0.35 during mid-day trading on Friday, hitting $52.65. 3,851,700 shares of the company's stock traded hands, compared to its average volume of 4,066,502. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock has a market cap of $50.86 billion, a price-to-earnings ratio of 35.34 and a beta of 1.30. The firm has a 50 day simple moving average of $56.87 and a two-hundred day simple moving average of $55.99.

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

Insider Activity

In related news, Director Matt Blunt sold 50,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is owned by insiders.

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.