Copart, Inc. (NASDAQ:CPRT) Shares Bought by Lincoln Capital LLC

Lincoln Capital LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,954 shares of the business services provider’s stock after buying an additional 663 shares during the period. Lincoln Capital LLC’s holdings in Copart were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in shares of Copart during the fourth quarter valued at about $3,962,000. Sanctuary Advisors LLC boosted its position in shares of Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after purchasing an additional 9,222 shares during the period. Geode Capital Management LLC lifted its stake in Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after purchasing an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. boosted its position in shares of Copart by 17.7% during the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after buying an additional 13,554 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Copart in the second quarter valued at $5,418,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.9 %

Shares of CPRT opened at $56.90 on Monday. Copart, Inc. has a fifty-two week low of $47.51 and a fifty-two week high of $64.38. The company has a market cap of $54.82 billion, a P/E ratio of 40.07 and a beta of 1.33. The firm’s 50 day moving average price is $59.07 and its 200 day moving average price is $54.72.

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

Insider Buying and Selling at Copart

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated 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 have sold 650,213 shares of company stock valued at $39,199,813 in the last quarter. Corporate insiders own 9.68% of the company’s stock.

Wall Street Analyst Weigh In

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