Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,037 shares of the business services provider’s stock after buying an additional 1,377 shares during the period. Apollon Wealth Management LLC’s holdings in Copart were worth $1,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harvey Investment Co. LLC grew its stake in Copart by 50.5% in the 4th quarter. Harvey Investment Co. LLC now owns 7,305 shares of the business services provider’s stock worth $419,000 after acquiring an additional 2,450 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Copart during the fourth quarter worth $73,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Copart by 11.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 100,589 shares of the business services provider’s stock valued at $5,773,000 after purchasing an additional 10,528 shares during the period. Strategic Financial Concepts LLC acquired a new position in Copart in the fourth quarter valued at $8,563,000. Finally, Silver Oak Securities Incorporated lifted its position in Copart by 5.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 10,817 shares of the business services provider’s stock worth $629,000 after buying an additional 589 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $1,160,200. This represents a 60.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction 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. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last ninety days. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Up 0.7 %

Shares of NASDAQ CPRT opened at $58.63 on Tuesday. The stock has a market capitalization of $56.49 billion, a PE ratio of 41.29 and a beta of 1.33. The firm has a fifty day moving average of $58.52 and a 200-day moving average of $55.23. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

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

Analysts Set New Price Targets

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

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.