Maren Capital LLC Has $52.35 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Maren Capital LLC raised its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 23.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 999,001 shares of the business services provider's stock after purchasing an additional 188,617 shares during the period. Copart accounts for approximately 4.3% of Maren Capital LLC's holdings, making the stock its 12th biggest holding. Maren Capital LLC owned 0.10% of Copart worth $52,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CPRT. Optimum Investment Advisors grew its position in shares of Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank acquired a new position in Copart during the 3rd quarter valued at about $29,000. Crewe Advisors LLC boosted its stake in Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock valued at $31,000 after purchasing an additional 280 shares during the period. Meeder Asset Management Inc. boosted its stake in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock valued at $31,000 after purchasing an additional 425 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in Copart during the 3rd quarter valued at about $33,000. Institutional investors own 85.78% of the company's stock.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The shares were 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 directly owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th.

Copart Stock Performance

Shares of NASDAQ:CPRT traded up $0.73 during trading on Wednesday, reaching $62.97. The company had a trading volume of 3,483,736 shares, compared to its average volume of 4,459,096. The firm's fifty day moving average is $55.46 and its 200 day moving average is $53.59. The firm has a market capitalization of $60.67 billion, a PE ratio of 43.83 and a beta of 1.31. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $64.38.

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