Bison Wealth LLC Invests $217,000 in Copart, Inc. (NASDAQ:CPRT)

Bison Wealth LLC purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,426 shares of the business services provider’s stock, valued at approximately $217,000.

Other institutional investors also recently bought and sold shares of the company. Veritable L.P. lifted its holdings in shares of Copart by 0.9% in the 1st quarter. Veritable L.P. now owns 15,198 shares of the business services provider’s stock worth $1,143,000 after acquiring an additional 136 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Copart by 0.3% during the third quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock valued at $7,560,000 after buying an additional 189 shares during the period. Hollencrest Capital Management grew its stake in shares of Copart by 92.1% during the first quarter. Hollencrest Capital Management now owns 438 shares of the business services provider’s stock valued at $33,000 after buying an additional 210 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Copart by 3.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 5,640 shares of the business services provider’s stock worth $600,000 after buying an additional 213 shares during the period. Finally, Simon Quick Advisors LLC lifted its stake in shares of Copart by 2.6% during the 1st quarter. Simon Quick Advisors LLC now owns 9,286 shares of the business services provider’s stock worth $698,000 after acquiring an additional 238 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPRT. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. raised their target price on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Copart currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Insider Activity at Copart

In other news, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,934,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the sale, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the transaction, the chairman now owns 19,687,980 shares of the company’s stock, valued at $1,137,374,604.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 985,000 shares of company stock valued at $55,519,950. 10.23% of the stock is owned by company insiders.

Copart Trading Down 0.7 %

NASDAQ:CPRT opened at $54.02 on Thursday. The company has a market capitalization of $51.94 billion, a P/E ratio of 38.86 and a beta of 1.22. Copart, Inc. has a 12 month low of $38.35 and a 12 month high of $58.58. The firm has a fifty day simple moving average of $54.26 and a 200-day simple moving average of $49.96.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company posted $0.31 earnings per share. Copart’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that Copart, Inc. will post 1.42 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.