Signal Advisors Wealth LLC Purchases 15,993 Shares of Copart, Inc. (NASDAQ:CPRT)

Signal Advisors Wealth LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 54,055 shares of the business services provider's stock after acquiring an additional 15,993 shares during the quarter. Signal Advisors Wealth LLC's holdings in Copart were worth $3,102,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Unique Wealth LLC boosted its holdings in shares of Copart by 43.9% in the 4th quarter. Unique Wealth LLC now owns 5,858 shares of the business services provider's stock valued at $336,000 after purchasing an additional 1,788 shares in the last quarter. Eastern Bank lifted its position in shares of Copart by 115.1% during the 4th 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. Wedmont Private Capital boosted its stake in Copart by 2.0% in the fourth quarter. Wedmont Private Capital now owns 17,408 shares of the business services provider's stock valued at $969,000 after buying an additional 334 shares in the last quarter. Salem Investment Counselors Inc. grew its position in Copart by 1.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 42,912 shares of the business services provider's stock valued at $2,463,000 after acquiring an additional 645 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Copart during the fourth quarter worth about $3,962,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Price Performance

Shares of NASDAQ CPRT traded up $0.59 during mid-day trading on Tuesday, hitting $56.22. 4,107,465 shares of the stock traded hands, compared to its average volume of 3,767,201. The company has a market cap of $54.17 billion, a PE ratio of 39.59 and a beta of 1.33. Copart, Inc. has a twelve month low of $47.31 and a twelve month high of $64.38. The firm has a 50 day simple moving average of $58.96 and a two-hundred day simple moving average of $54.65.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $1.10 billion. During the same period last year, the firm posted $0.34 earnings per share. The business's revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas N. Tryforos sold 83,310 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The stock was 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 have sold 650,213 shares of company stock valued at $39,199,813 in the last ninety days. 9.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.