Mirabella Financial Services LLP Purchases New Holdings in Copart, Inc. (NASDAQ:CPRT)

Mirabella Financial Services LLP acquired a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 36,620 shares of the business services provider's stock, valued at approximately $2,100,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sandy Spring Bank lifted its position in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Curio Wealth LLC acquired a new stake in shares of Copart during the fourth quarter worth $52,000. Retirement Wealth Solutions LLC bought a new stake in Copart in the fourth quarter valued at about $54,000. Eastern Bank boosted its holdings in Copart by 115.1% during the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock worth $69,000 after buying an additional 640 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Copart during the 4th quarter worth about $73,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

NASDAQ:CPRT traded up $0.93 on Thursday, reaching $61.97. The company's stock had a trading volume of 3,595,296 shares, compared to its average volume of 4,412,424. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The business's 50-day moving average price is $56.26 and its two-hundred day moving average price is $57.02. The firm has a market cap of $59.87 billion, a PE ratio of 41.59 and a beta of 1.22.

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

Insider Buying and Selling at Copart

In related news, Director Steven D. Cohan sold 5,003 shares of Copart stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold 200,000 shares of company stock valued at $11,401,000 in the last 90 days. 9.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Argus cut shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Copart 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.