Kieckhefer Group LLC Makes New $3.96 Million Investment in Copart, Inc. (NASDAQ:CPRT)

Kieckhefer Group LLC acquired a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 69,040 shares of the business services provider's stock, valued at approximately $3,962,000. Copart accounts for approximately 2.4% of Kieckhefer Group LLC's holdings, making the stock its 12th biggest holding.

A number of other large investors have also recently made changes to their positions in CPRT. Capital Investment Advisors LLC increased its stake in Copart by 9.2% in the 4th quarter. Capital Investment Advisors LLC now owns 33,728 shares of the business services provider's stock worth $1,936,000 after buying an additional 2,852 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Copart during the fourth quarter worth about $234,000. Fiduciary Alliance LLC bought a new stake in Copart during the 4th quarter valued at approximately $267,000. Threadgill Financial LLC lifted its holdings in Copart by 1.8% in the 4th quarter. Threadgill Financial LLC now owns 87,910 shares of the business services provider's stock worth $5,045,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Czech National Bank boosted its stake in Copart by 6.6% in the 4th quarter. Czech National Bank now owns 190,080 shares of the business services provider's stock worth $10,909,000 after purchasing an additional 11,693 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 650,213 shares of company stock valued at $39,199,813. Insiders own 9.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on shares of Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th.

Copart Stock Down 0.0 %

NASDAQ CPRT traded down $0.01 during trading on Monday, hitting $55.63. 2,881,825 shares of the stock traded hands, compared to its average volume of 3,718,303. The company has a market capitalization of $53.60 billion, a P/E ratio of 39.18 and a beta of 1.33. Copart, Inc. has a 12-month low of $47.31 and a 12-month high of $64.38. The firm has a 50-day simple moving average of $58.90 and a 200-day simple moving average of $54.64.

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

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.