Trilogy Capital Inc. Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

Trilogy Capital Inc. raised its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,017 shares of the business services provider's stock after purchasing an additional 6,548 shares during the period. Trilogy Capital Inc.'s holdings in Copart were worth $2,010,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Choreo LLC grew its stake in shares of Copart by 1.0% during the fourth quarter. Choreo LLC now owns 56,728 shares of the business services provider's stock valued at $3,280,000 after buying an additional 563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Copart by 10.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,466 shares of the business services provider's stock valued at $16,209,000 after buying an additional 25,408 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Copart by 4.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 32,620 shares of the business services provider's stock valued at $1,872,000 after buying an additional 1,471 shares during the last quarter. E. Ohman J or Asset Management AB grew its stake in shares of Copart by 1.1% during the fourth quarter. E. Ohman J or Asset Management AB now owns 45,344 shares of the business services provider's stock valued at $2,602,000 after buying an additional 507 shares during the last quarter. Finally, Trust Point Inc. grew its stake in shares of Copart by 9.0% during the fourth quarter. Trust Point Inc. now owns 9,129 shares of the business services provider's stock valued at $524,000 after buying an additional 753 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insiders Place Their Bets

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the firm'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 sale, the director now directly owns 20,000 shares in the company, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of the firm's 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 sold 650,213 shares of company stock worth $39,199,813 over the last three months. Company insiders own 9.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price objective on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th.

Copart Stock Performance

Shares of NASDAQ CPRT traded up $0.53 during trading hours on Monday, hitting $58.74. The company's stock had a trading volume of 1,157,598 shares, compared to its average volume of 3,233,074. The stock has a market cap of $56.60 billion, a price-to-earnings ratio of 41.25 and a beta of 1.33. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The business has a 50-day simple moving average of $58.59 and a 200-day simple moving average of $55.17.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. Copart's quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. On average, equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

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.