Cwm LLC Purchases 2,085 Shares of Copart, Inc. (NASDAQ:CPRT)

Cwm LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,778 shares of the business services provider’s stock after purchasing an additional 2,085 shares during the quarter. Cwm LLC’s holdings in Copart were worth $1,312,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Copart by 8.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 80,989 shares of the business services provider’s stock valued at $3,968,000 after purchasing an additional 6,480 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Copart during the 4th quarter worth approximately $363,000. Nicholas Hoffman & Company LLC. grew its position in Copart by 9.2% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 11,084 shares of the business services provider’s stock worth $543,000 after acquiring an additional 936 shares during the last quarter. Lindbrook Capital LLC grew its position in Copart by 18.0% during the 4th quarter. Lindbrook Capital LLC now owns 5,811 shares of the business services provider’s stock worth $285,000 after acquiring an additional 885 shares during the last quarter. Finally, abrdn plc grew its position in Copart by 62.1% during the 4th quarter. abrdn plc now owns 417,306 shares of the business services provider’s stock worth $20,448,000 after acquiring an additional 159,844 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

CPRT opened at $55.73 on Friday. Copart, Inc. has a 52-week low of $38.53 and a 52-week high of $58.58. The stock has a market capitalization of $53.58 billion, a PE ratio of 40.09 and a beta of 1.22. The stock’s 50 day moving average price is $54.86 and its 200-day moving average price is $50.41.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (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 for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $0.31 earnings per share. Copart’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts forecast that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction that occurred 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 sale, the director now directly owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction that occurred on 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 sale, the director now owns 35,000 shares in the company, valued at $1,934,450. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock worth $55,519,950 over the last ninety days. 10.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CPRT has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.

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.