Signal Advisors Wealth LLC Raises Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Signal Advisors Wealth LLC boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,055 shares of the business services provider’s stock after buying 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Optimum Investment Advisors increased its stake in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Eastern Bank purchased a new position in Copart in the third quarter valued at approximately $29,000. Quarry LP purchased a new stake in shares of Copart in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. lifted its holdings in shares of Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after purchasing an additional 425 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Copart during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.0 %

NASDAQ:CPRT opened at $55.63 on Tuesday. The firm has a market capitalization of $53.60 billion, a PE ratio of 39.18 and a beta of 1.33. Copart, Inc. has a 52 week low of $47.31 and a 52 week high of $64.38. The stock has a 50 day moving average of $58.96 and a 200-day moving average of $54.65.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company 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 firm earned $0.34 EPS. Copart’s revenue was up 12.4% on a year-over-year basis. As a group, analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock valued at $39,199,813 over the last three months. 9.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

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.