6,796 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Maripau Wealth Management LLC

Maripau Wealth Management LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,796 shares of the business services provider's stock, valued at approximately $390,000.

A number of other large investors have also recently modified their holdings of the business. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of Copart by 47.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock worth $22,565,000 after acquiring an additional 126,436 shares during the last quarter. SVB Wealth LLC bought a new stake in Copart during the fourth quarter worth about $3,951,000. Dynasty Wealth Management LLC boosted its holdings in shares of Copart by 7.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 14,086 shares of the business services provider's stock worth $808,000 after purchasing an additional 927 shares in the last quarter. Fielder Capital Group LLC bought a new position in shares of Copart during the 4th quarter valued at about $207,000. Finally, Prosperitas Financial LLC raised its holdings in shares of Copart by 6.6% during the 4th quarter. Prosperitas Financial LLC now owns 46,673 shares of the business services provider's stock valued at $2,679,000 after buying an additional 2,881 shares in the last quarter. Institutional investors own 85.78% of the company's stock.

Copart Trading Up 0.3 %

Shares of NASDAQ:CPRT traded up $0.15 during trading on Wednesday, reaching $54.41. 5,718,471 shares of the company traded hands, compared to its average volume of 4,092,835. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The business's fifty day moving average is $57.45 and its 200-day moving average is $55.96. The firm has a market capitalization of $52.57 billion, a price-to-earnings ratio of 36.52 and a beta of 1.30.

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

Insider Buying and Selling at Copart

In related news, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares of the company's stock, valued at $485,601. This represents a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock valued at $23,161,540 in the last 90 days. Insiders own 9.68% of the company's stock.

Analyst Ratings Changes

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

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.