Valeo Financial Advisors LLC Purchases New Stake in Copart, Inc. (NASDAQ:CPRT)

Valeo Financial Advisors LLC purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,189 shares of the business services provider’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also made changes to their positions in CPRT. Nordea Investment Management AB grew its stake in shares of Copart by 64.1% in the fourth quarter. Nordea Investment Management AB now owns 1,441,839 shares of the business services provider’s stock worth $70,448,000 after purchasing an additional 563,233 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Copart by 1.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider’s stock worth $139,554,000 after purchasing an additional 44,248 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its stake in shares of Copart by 57.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 63,521 shares of the business services provider’s stock worth $3,113,000 after purchasing an additional 23,304 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Copart by 29.0% in the fourth quarter. Artemis Investment Management LLP now owns 1,167,186 shares of the business services provider’s stock worth $57,193,000 after purchasing an additional 262,499 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in shares of Copart by 72.5% in the third quarter. Checchi Capital Advisers LLC now owns 6,228 shares of the business services provider’s stock worth $268,000 after purchasing an additional 2,618 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the sale, the director now directly owns 35,000 shares of the company’s stock, valued at $1,934,450. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Insiders sold a total of 985,000 shares of company stock valued at $55,519,950 over the last three months. Insiders own 10.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CPRT. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their price target on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $51.00.

Copart Stock Down 0.7 %

Shares of CPRT stock opened at $54.38 on Wednesday. The stock has a 50-day simple moving average of $54.20 and a 200 day simple moving average of $49.93. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58. The stock has a market capitalization of $52.29 billion, a P/E ratio of 39.12 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $0.31 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Copart, Inc. will post 1.42 earnings per share 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.