111 Capital Purchases New Shares in Copart, Inc. (NASDAQ:CPRT)

111 Capital bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,842 shares of the business services provider's stock, valued at approximately $967,000.

Several other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its position in Copart by 22.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 87,613 shares of the business services provider's stock valued at $5,028,000 after buying an additional 16,072 shares during the period. Dogwood Wealth Management LLC boosted its position in shares of Copart by 3.4% in the fourth quarter. Dogwood Wealth Management LLC now owns 12,957 shares of the business services provider's stock worth $744,000 after purchasing an additional 430 shares during the period. Siemens Fonds Invest GmbH boosted its position in shares of Copart by 178.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 138,217 shares of the business services provider's stock worth $7,932,000 after purchasing an additional 88,624 shares during the period. Cim LLC boosted its position in shares of Copart by 1.1% in the fourth quarter. Cim LLC now owns 330,316 shares of the business services provider's stock worth $18,957,000 after purchasing an additional 3,608 shares during the period. Finally, Park Square Financial Group LLC bought a new position in shares of Copart in the fourth quarter worth approximately $82,000. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPRT shares. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd.

Copart Stock Performance

Shares of CPRT traded down $0.39 during mid-day trading on Friday, reaching $51.03. The stock had a trading volume of 16,256,986 shares, compared to its average volume of 4,640,581. The firm has a market cap of $49.30 billion, a price-to-earnings ratio of 34.25 and a beta of 1.20. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The business has a fifty day moving average of $58.77 and a 200 day moving average of $58.14.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Copart's revenue for the quarter was up 7.5% on a year-over-year basis. On average, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by insiders.

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.