Cavalier Investments LLC Increases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Cavalier Investments LLC increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,917 shares of the business services provider’s stock after purchasing an additional 2,152 shares during the period. Copart accounts for 1.0% of Cavalier Investments LLC’s investment portfolio, making the stock its 22nd biggest position. Cavalier Investments LLC’s holdings in Copart were worth $2,980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPRT. Cadence Bank increased its position in shares of Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after acquiring an additional 178 shares during the last quarter. Everpar Advisors LLC increased its holdings in Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after buying an additional 199 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Copart by 2.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after buying an additional 208 shares during the last quarter. Covestor Ltd increased its holdings in Copart by 5.1% in the third quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after buying an additional 209 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Copart by 0.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock valued at $1,447,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Up 0.0 %

NASDAQ:CPRT opened at $56.77 on Wednesday. The firm has a market capitalization of $54.70 billion, a PE ratio of 38.10 and a beta of 1.33. The stock has a 50 day moving average of $57.81 and a 200-day moving average of $55.82. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, 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 transaction of $1,740,300.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the transaction, the director now owns 7,850 shares of the company’s stock, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 398,790 shares of company stock valued at $23,161,540. 9.68% of the stock is currently owned by insiders.

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.