Second Half Financial Partners LLC Buys New Stake in Copart, Inc. (NASDAQ:CPRT)

Second Half Financial Partners LLC bought a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,748 shares of the business services provider's stock, valued at approximately $445,000.

Several other large investors have also modified their holdings of CPRT. HighPoint Advisor Group LLC lifted its holdings 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 last quarter. Sandy Spring Bank raised its position in Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Copart by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after acquiring an additional 184 shares during the last quarter. Everpar Advisors LLC grew its position in Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Copart by 0.3% during 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 purchasing an additional 200 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Argus cut shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 in the last 90 days. 9.68% of the stock is owned by company insiders.

Copart Price Performance

CPRT traded up $0.52 on Wednesday, hitting $61.03. The company had a trading volume of 4,202,900 shares, compared to its average volume of 4,423,536. The stock has a market cap of $58.96 billion, a price-to-earnings ratio of 40.96 and a beta of 1.22. The company's fifty day moving average price is $56.39 and its 200 day moving average price is $57.20. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

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.