Baltimore Washington Financial Advisors Inc. Acquires 2,891 Shares of Copart, Inc. (NASDAQ:CPRT)

Baltimore Washington Financial Advisors Inc. increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,850 shares of the business services provider’s stock after buying an additional 2,891 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Copart were worth $12,732,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Optimum Investment Advisors lifted its stake in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the period. Eastern Bank acquired a new stake in shares of Copart in the third quarter worth approximately $29,000. Quarry LP acquired a new stake in Copart during the 3rd quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of Copart during the third quarter worth $33,000. Finally, True Wealth Design LLC raised its position in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT stock opened at $57.76 on Tuesday. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The company has a 50 day moving average price of $58.99 and a 200 day moving average price of $54.99. The stock has a market capitalization of $55.65 billion, a P/E ratio of 40.68 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the sale, the chairman now owns 14,436,557 shares in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock valued at $39,199,813 in the last ninety days. Insiders own 9.68% of the company’s stock.

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.