Linden Thomas Advisory Services LLC Grows Stock Position in Copart, Inc. (NASDAQ:CPRT)

Linden Thomas Advisory Services LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,461 shares of the business services provider’s stock after purchasing an additional 716 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Copart were worth $2,092,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its stake in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares in the last quarter. Eastern Bank purchased a new position in Copart in the 3rd quarter worth approximately $29,000. Quarry LP acquired a new position in shares of Copart during the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart in the third quarter valued at approximately $33,000. Finally, True Wealth Design LLC increased its holdings in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 608 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock valued at $39,199,813 over the last 90 days. 9.68% of the stock is owned by company insiders.

Copart Price Performance

Shares of CPRT stock opened at $57.70 on Friday. The firm’s 50-day moving average is $59.10 and its two-hundred day moving average is $54.82. Copart, Inc. has a 12 month low of $47.73 and a 12 month high of $64.38. The company has a market capitalization of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

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.