One Plus One Wealth Management LLC Buys 1,141 Shares of Copart, Inc. (NASDAQ:CPRT)

One Plus One Wealth Management LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 23.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,930 shares of the business services provider’s stock after acquiring an additional 1,141 shares during the period. One Plus One Wealth Management LLC’s holdings in Copart were worth $340,000 at the end of the most recent reporting period.

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

Copart Trading Down 0.4 %

CPRT opened at $59.02 on Thursday. The company has a market cap of $56.87 billion, a P/E ratio of 41.56 and a beta of 1.33. The company’s 50 day moving average is $58.38 and its 200-day moving average is $55.32. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

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

Insider Activity at Copart

In other news, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’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 transaction of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 in the last 90 days. 9.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a 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.