Prosperitas Financial LLC Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

Prosperitas Financial LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 253.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,588 shares of the business services provider's stock after purchasing an additional 22,659 shares during the quarter. Copart accounts for approximately 1.1% of Prosperitas Financial LLC's investment portfolio, making the stock its 28th biggest holding. Prosperitas Financial LLC's holdings in Copart were worth $1,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Copart during the third quarter worth approximately $25,000. Manchester Capital Management LLC lifted its holdings in Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider's stock valued at $27,000 after purchasing an additional 314 shares in the last quarter. Quarry LP purchased a new position in Copart during the first quarter valued at $29,000. Bell Investment Advisors Inc grew its position in shares of Copart by 87.1% in the third quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider's stock valued at $30,000 after purchasing an additional 323 shares during the period. Finally, Annapolis Financial Services LLC increased its stake in shares of Copart by 100.0% during the third quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider's stock worth $31,000 after purchasing an additional 360 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at $1,934,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 985,000 shares of company stock valued at $55,519,950. 10.23% of the stock is owned by company insiders.

Copart Trading Down 0.7 %

CPRT stock traded down $0.37 during mid-day trading on Tuesday, reaching $54.38. The company's stock had a trading volume of 4,505,522 shares, compared to its average volume of 4,654,402. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58. The stock has a market cap of $52.29 billion, a PE ratio of 39.12 and a beta of 1.22. The company's 50 day moving average is $54.20 and its two-hundred day moving average is $49.93.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Copart from a "buy" rating to a "hold" rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. raised their target price on Copart from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Copart presently has an average rating of "Hold" and an average price target of $51.00.

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.