Panoramic Capital Partners LLC Invests $484,000 in Copart, Inc. (NASDAQ:CPRT)

Panoramic Capital Partners LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,426 shares of the business services provider's stock, valued at approximately $484,000. Copart makes up approximately 0.4% of Panoramic Capital Partners LLC's investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRT. Jensen Investment Management Inc. raised its position in Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider's stock valued at $185,299,000 after purchasing an additional 3,398,423 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Copart by 462.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider's stock worth $192,240,000 after acquiring an additional 3,016,795 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock worth $149,471,000 after acquiring an additional 2,084,626 shares in the last quarter. Comgest Global Investors S.A.S. raised its position in shares of Copart by 706.6% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider's stock worth $83,153,000 after acquiring an additional 1,390,146 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Copart by 1,103.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,062,931 shares of the business services provider's stock worth $55,698,000 after acquiring an additional 974,585 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Trading Down 0.7 %

Shares of CPRT traded down $0.44 during trading hours on Friday, hitting $59.39. The company had a trading volume of 2,392,531 shares, compared to its average volume of 3,304,699. The company has a market capitalization of $57.22 billion, a PE ratio of 41.82 and a beta of 1.33. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company's fifty day moving average price is $58.29 and its two-hundred day moving average price is $55.41.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the business's stock in a transaction dated 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 accessible through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the business's stock in a transaction dated 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 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. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 in the last ninety days. 9.68% of the stock is owned by insiders.

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.