Wallace Advisory Group LLC Acquires 1,480 Shares of Copart, Inc. (NASDAQ:CPRT)

Wallace Advisory Group LLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,572 shares of the business services provider’s stock after purchasing an additional 1,480 shares during the period. Wallace Advisory Group LLC’s holdings in Copart were worth $554,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CPRT. Optimum Investment Advisors raised its position in 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 during the last quarter. Eastern Bank acquired a new stake in Copart in the 3rd quarter valued at approximately $29,000. Quarry LP acquired a new stake in Copart in the 3rd quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its position in Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after buying an additional 425 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Copart in the 3rd quarter valued at approximately $33,000. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.0 %

NASDAQ:CPRT opened at $55.63 on Tuesday. The firm has a market capitalization of $53.60 billion, a price-to-earnings ratio of 39.18 and a beta of 1.33. Copart, Inc. has a twelve month low of $47.31 and a twelve month high of $64.38. The stock’s 50 day moving average price is $58.96 and its two-hundred day moving average price is $54.65.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock valued at $39,199,813 in the last 90 days. 9.68% of the stock is currently owned by insiders.

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.