MFA Wealth Advisors LLC Raises Position in Copart, Inc. (NASDAQ:CPRT)

MFA Wealth Advisors LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,347 shares of the business services provider's stock after purchasing an additional 5,863 shares during the period. Copart comprises 0.9% of MFA Wealth Advisors LLC's investment portfolio, making the stock its 28th largest holding. MFA Wealth Advisors LLC's holdings in Copart were worth $3,578,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CPRT. Kieckhefer Group LLC bought a new stake in shares of Copart in the 4th quarter valued at about $3,962,000. Sanctuary Advisors LLC boosted its holdings in Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock valued at $2,765,000 after acquiring an additional 9,222 shares during the last quarter. Geode Capital Management LLC increased its position in Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock valued at $979,547,000 after purchasing an additional 291,580 shares during the period. Kinsale Capital Group Inc. increased its position in Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider's stock valued at $4,715,000 after purchasing an additional 13,554 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Copart during the 3rd quarter worth approximately $1,206,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

Shares of NASDAQ:CPRT traded up $0.81 during midday trading on Thursday, reaching $59.83. The company's stock had a trading volume of 3,440,795 shares, compared to its average volume of 3,336,131. The firm has a 50 day moving average price of $58.34 and a two-hundred day moving average price of $55.35. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm has a market capitalization of $57.65 billion, a price-to-earnings ratio of 42.13 and a beta of 1.33.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. The firm 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%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. As a group, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction that occurred 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 filing with the SEC, which is available through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the firm's stock in a transaction that occurred 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 trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last ninety days. 9.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective 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.

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.