Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,037 shares of the business services provider’s stock after purchasing an additional 1,377 shares during the period. Apollon Wealth Management LLC’s holdings in Copart were worth $1,322,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. CWM LLC lifted its holdings in shares of Copart by 12.8% in the 3rd quarter. CWM LLC now owns 34,111 shares of the business services provider’s stock worth $1,787,000 after purchasing an additional 3,869 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Copart by 209.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,234 shares of the business services provider’s stock worth $327,000 after buying an additional 4,219 shares during the period. Inspire Investing LLC lifted its stake in Copart by 4.2% in the third quarter. Inspire Investing LLC now owns 22,601 shares of the business services provider’s stock valued at $1,184,000 after buying an additional 921 shares during the last quarter. Procyon Advisors LLC grew its position in shares of Copart by 1.5% during the third quarter. Procyon Advisors LLC now owns 44,149 shares of the business services provider’s stock worth $2,313,000 after acquiring an additional 636 shares during the last quarter. Finally, Empirical Asset Management LLC increased its holdings in shares of Copart by 83.6% in the 3rd quarter. Empirical Asset Management LLC now owns 20,714 shares of the business services provider’s stock worth $1,085,000 after acquiring an additional 9,432 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Up 0.7 %

Shares of NASDAQ CPRT opened at $58.63 on Tuesday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm has a 50-day moving average of $58.52 and a two-hundred day moving average of $55.23. The company has a market capitalization of $56.49 billion, a price-to-earnings ratio of 41.29 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,213 shares of company stock valued at $39,199,813. Corporate insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

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

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.