Alta Capital Management LLC Has $36.41 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Alta Capital Management LLC decreased its position in Copart, Inc. (NASDAQ:CPRT) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,395 shares of the business services provider’s stock after selling 13,932 shares during the quarter. Copart makes up approximately 2.2% of Alta Capital Management LLC’s portfolio, making the stock its 17th largest position. Alta Capital Management LLC owned about 0.07% of Copart worth $36,408,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPRT. Quarry LP bought a new stake in shares of Copart in the 3rd quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart in the 3rd quarter worth $33,000. True Wealth Design LLC grew its stake 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 worth $34,000 after acquiring an additional 608 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Copart in the 4th quarter worth $54,000. Finally, Continuum Advisory LLC grew its stake in shares of Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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 note on Tuesday, November 19th.

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were 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. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 398,790 shares of company stock worth $23,161,540. 9.68% of the stock is owned by company insiders.

Copart Stock Performance

CPRT opened at $54.65 on Tuesday. The firm has a market cap of $52.66 billion, a P/E ratio of 36.68 and a beta of 1.33. The firm has a 50-day moving average of $57.55 and a 200 day moving average of $55.94. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Copart 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.