Copart, Inc. (NASDAQ:CPRT) Holdings Increased by Freedom Day Solutions LLC

Freedom Day Solutions LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,333 shares of the business services provider’s stock after buying an additional 3,775 shares during the quarter. Copart comprises 1.0% of Freedom Day Solutions LLC’s holdings, making the stock its 22nd biggest position. Freedom Day Solutions LLC’s holdings in Copart were worth $3,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of Copart during the 3rd quarter worth about $29,000. Quarry LP bought a new stake in shares of Copart in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart in the 3rd quarter worth approximately $33,000. True Wealth Design LLC raised its holdings 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 purchasing an additional 608 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Copart in the 4th quarter worth approximately $54,000. 85.78% of the stock is currently owned by institutional investors.

Insider Transactions at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. The trade was a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 over the last ninety days. Corporate insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Price Performance

NASDAQ CPRT opened at $59.74 on Thursday. The company’s 50 day simple moving average is $58.14 and its 200 day simple moving average is $55.59. The company has a market capitalization of $57.56 billion, a P/E ratio of 42.07 and a beta of 1.33. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last released its 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 business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. On average, analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

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.