Delta Financial Group Inc. Takes Position in Copart, Inc. (NASDAQ:CPRT)

Delta Financial Group Inc. purchased a new stake in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,068 shares of the business services provider’s stock, valued at approximately $463,000.

A number of other institutional investors have also made changes to their positions in CPRT. Eastern Bank bought a new stake in shares of Copart in the 3rd quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Copart in the 3rd quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart in the 3rd quarter valued at approximately $33,000. True Wealth Design LLC increased 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 valued at $34,000 after acquiring an additional 608 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Copart in the 4th quarter valued at approximately $54,000. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

NASDAQ:CPRT opened at $56.61 on Monday. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The firm has a market capitalization of $54.55 billion, a P/E ratio of 38.00 and a beta of 1.33. The business has a 50 day simple moving average of $57.97 and a 200 day simple moving average of $55.73.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) 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 business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 650,213 shares of company stock worth $39,199,813 in the last 90 days. 9.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.