Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Mill Capital Management LLC

Mill Capital Management LLC increased its stake in Copart, Inc. (NASDAQ:CPRT) by 0.2% during the 4th quarter, Holdings Channel reports. The fund owned 438,246 shares of the business services provider’s stock after purchasing an additional 934 shares during the quarter. Copart makes up approximately 2.0% of Mill Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Mill Capital Management LLC’s holdings in Copart were worth $25,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CPRT. Sandy Spring Bank raised its stake in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. Quarry LP acquired a new stake in shares of Copart in the third quarter valued at $29,000. True Wealth Design LLC raised its stake 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 acquiring an additional 608 shares in the last quarter. Curio Wealth LLC acquired a new stake in shares of Copart in the fourth quarter valued at $52,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Copart in the fourth quarter valued at $54,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Copart stock opened at $53.63 on Monday. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock has a market cap of $51.81 billion, a PE ratio of 35.99 and a beta of 1.30. The stock’s fifty day moving average is $56.43 and its two-hundred day moving average is $56.03.

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 analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,480 shares of company stock valued at $21,667,683. 9.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Argus cut Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

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.