Legacy Advisors LLC Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Legacy Advisors LLC boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 21.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,130 shares of the business services provider's stock after purchasing an additional 6,298 shares during the quarter. Legacy Advisors LLC's holdings in Copart were worth $2,045,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its stake in Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service raised its stake in shares of Copart by 3.2% in the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock valued at $89,417,000 after acquiring an additional 48,334 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Copart by 289.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock valued at $1,970,000 after acquiring an additional 25,512 shares during the period. Sowell Financial Services LLC bought a new position in shares of Copart in the first quarter worth about $604,000. Finally, Tsai Capital Corp grew its holdings in shares of Copart by 13.3% in the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock worth $3,540,000 after purchasing an additional 7,230 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Trading Down 0.5%

NASDAQ CPRT opened at $47.72 on Tuesday. The company's 50-day moving average price is $56.34 and its 200-day moving average price is $56.82. The stock has a market cap of $46.14 billion, a PE ratio of 31.39 and a beta of 1.10. Copart, Inc. has a 12 month low of $47.33 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. Copart had a net margin of 32.21% and a return on equity of 18.20%. The firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insiders Place Their Bets

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.

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