Postrock Partners LLC Makes New $1.73 Million Investment in Copart, Inc. (NASDAQ:CPRT)

Postrock Partners LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,180 shares of the business services provider's stock, valued at approximately $1,732,000. Copart makes up about 0.8% of Postrock Partners LLC's holdings, making the stock its 24th biggest holding.

Several other large investors have also bought and sold shares of CPRT. Cadence Bank boosted its stake in shares of Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider's stock valued at $1,653,000 after purchasing an additional 178 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after purchasing an additional 184 shares in the last quarter. Everpar Advisors LLC boosted its stake in shares of Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock valued at $276,000 after purchasing an additional 199 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after purchasing an additional 200 shares in the last quarter. Finally, Simmons Bank boosted its stake in shares of Copart by 4.4% during the fourth quarter. Simmons Bank now owns 4,728 shares of the business services provider's stock valued at $271,000 after purchasing an additional 200 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the sale, the director now owns 20,000 shares of the company's stock, valued at $1,160,200. This trade represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 315,480 shares of company stock worth $18,007,983. 9.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPRT. JPMorgan Chase & Co. lifted their price target on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Argus lowered Copart from a "buy" rating to a "hold" rating in a research note on Friday.

Copart Price Performance

Shares of Copart stock traded down $0.83 during midday trading on Tuesday, reaching $52.92. The company had a trading volume of 4,044,194 shares, compared to its average volume of 4,018,884. The stock has a fifty day moving average price of $56.65 and a 200 day moving average price of $56.02. The firm has a market cap of $51.13 billion, a PE ratio of 35.52 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

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

About Copart

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.