Signal Advisors Wealth LLC Acquires 19,881 Shares of Copart, Inc. (NASDAQ:CPRT)

Signal Advisors Wealth LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 36.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 73,936 shares of the business services provider's stock after acquiring an additional 19,881 shares during the quarter. Signal Advisors Wealth LLC's holdings in Copart were worth $4,184,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Copart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider's stock worth $5,861,185,000 after acquiring an additional 976,909 shares during the last quarter. Edgewood Management LLC raised its holdings in Copart by 14.1% during the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider's stock valued at $1,346,548,000 after buying an additional 2,907,405 shares during the last quarter. Capital World Investors raised its holdings in Copart by 0.8% during the 4th quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock valued at $1,225,502,000 after buying an additional 169,354 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider's stock valued at $1,115,664,000 after buying an additional 3,667,534 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Copart by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider's stock valued at $1,097,153,000 after buying an additional 408,677 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CPRT has been the subject of a number of recent analyst reports. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. lowered their price target on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, May 23rd.

Copart Stock Down 0.5%

NASDAQ:CPRT opened at $50.14 on Friday. The company has a fifty day moving average of $58.28 and a 200 day moving average of $57.92. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The firm has a market capitalization of $48.44 billion, a P/E ratio of 33.65 and a beta of 1.10.

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, meeting analysts' consensus estimates of $0.42. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling at Copart

In other Copart news, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business'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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by company 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.

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