Harvey Investment Co. LLC Has $419,000 Position in Copart, Inc. (NASDAQ:CPRT)

Harvey Investment Co. LLC grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 50.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,305 shares of the business services provider’s stock after buying an additional 2,450 shares during the quarter. Harvey Investment Co. LLC’s holdings in Copart were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CPRT. Optimum Investment Advisors lifted its position in shares of Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank bought a new position in Copart in the 3rd quarter valued at $29,000. Quarry LP acquired a new stake in shares of Copart in the 3rd quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart during the third quarter worth $33,000. Finally, True Wealth Design LLC lifted its stake in shares of Copart by 1,737.1% during 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 during the period. 85.78% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction 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 sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock valued at $39,199,813 in the last ninety days. 9.68% of the stock is owned by insiders.

Copart Stock Performance

CPRT opened at $59.19 on Friday. The company has a fifty day moving average price of $58.69 and a two-hundred day moving average price of $55.09. The firm has a market capitalization of $57.03 billion, a PE ratio of 41.68 and a beta of 1.33. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

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

Analyst Upgrades and Downgrades

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