9,941 Shares in Copart, Inc. (NASDAQ:CPRT) Purchased by Lord & Richards Wealth Management LLC

Lord & Richards Wealth Management LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,941 shares of the business services provider’s stock, valued at approximately $571,000. Copart comprises 1.2% of Lord & Richards Wealth Management LLC’s investment portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jensen Investment Management Inc. increased its position in shares of Copart by 2,466.0% during the third quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock valued at $185,299,000 after acquiring an additional 3,398,423 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Copart by 462.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock valued at $192,240,000 after acquiring an additional 3,016,795 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Copart by 335.8% during the third quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock valued at $149,471,000 after acquiring an additional 2,084,626 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in shares of Copart by 706.6% during the third quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock valued at $83,153,000 after acquiring an additional 1,390,146 shares during the last quarter. Finally, PineStone Asset Management Inc. increased its position in shares of Copart by 192.4% during the fourth quarter. PineStone Asset Management Inc. now owns 1,585,400 shares of the business services provider’s stock valued at $90,986,000 after acquiring an additional 1,043,200 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman A Jayson Adair sold 251,423 shares of Copart 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now owns 7,850 shares of the company’s stock, valued at $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is currently owned by company insiders.

Copart Stock Performance

NASDAQ CPRT opened at $59.39 on Friday. The firm has a 50 day simple moving average of $58.29 and a 200-day simple moving average of $55.41. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The firm has a market cap of $57.22 billion, a price-to-earnings ratio of 41.82 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted 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. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.