HWG Holdings LP Acquires 4,683 Shares of Copart, Inc. (NASDAQ:CPRT)

HWG Holdings LP boosted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,425 shares of the business services provider's stock after purchasing an additional 4,683 shares during the period. Copart accounts for about 1.7% of HWG Holdings LP's portfolio, making the stock its 18th biggest holding. HWG Holdings LP's holdings in Copart were worth $5,304,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its stake in shares of Copart by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock valued at $577,000 after buying an additional 175 shares during the period. Sandy Spring Bank lifted its stake in shares of Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock worth $345,000 after acquiring an additional 184 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Copart by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock worth $4,314,000 after acquiring an additional 200 shares during the period. Finally, Simmons Bank raised its holdings in Copart by 4.4% in the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider's stock worth $271,000 after acquiring an additional 200 shares during the period. Institutional investors own 85.78% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently 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. reduced their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd.

Copart Stock Performance

NASDAQ:CPRT traded down $0.39 during trading hours on Friday, hitting $51.03. The stock had a trading volume of 16,256,986 shares, compared to its average volume of 4,640,356. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The company has a market cap of $49.30 billion, a price-to-earnings ratio of 34.25 and a beta of 1.20. The business's 50 day moving average is $58.68 and its 200-day moving average is $58.10.

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

Insider Buying and Selling at Copart

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred 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 SEC, which is available through the SEC website. Also, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction that occurred 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. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 over the last quarter. 9.68% of the stock is currently owned by insiders.

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.