Simplicity Solutions LLC Has $823,000 Holdings in Copart, Inc. (NASDAQ:CPRT)

Simplicity Solutions LLC raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,801 shares of the business services provider’s stock after buying an additional 1,480 shares during the quarter. Simplicity Solutions LLC’s holdings in Copart were worth $823,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPRT. Vanguard Group Inc. lifted its holdings in shares of Copart by 100.6% during the third quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock worth $4,201,821,000 after buying an additional 48,891,984 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Copart by 96.8% during the third quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock worth $1,715,114,000 after buying an additional 19,576,719 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Copart by 84.4% in the third quarter. Wellington Management Group LLP now owns 17,929,180 shares of the business services provider’s stock valued at $772,568,000 after purchasing an additional 8,205,757 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Copart by 79.1% in the third quarter. JPMorgan Chase & Co. now owns 17,359,152 shares of the business services provider’s stock valued at $748,006,000 after purchasing an additional 7,666,881 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Copart by 93.6% in the third quarter. FMR LLC now owns 14,733,860 shares of the business services provider’s stock valued at $634,882,000 after purchasing an additional 7,122,991 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $54.38 on Wednesday. The business’s fifty day moving average price is $54.20 and its two-hundred day moving average price is $49.93. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58. The stock has a market capitalization of $52.29 billion, a price-to-earnings ratio of 39.12 and a beta of 1.22.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Research analysts expect that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPRT. StockNews.com lowered Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. upped their target price on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Copart currently has a consensus rating of “Hold” and an average target price of $51.00.

Insider Buying and Selling at Copart

In other Copart news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the sale, the chairman now directly owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman A Jayson Adair sold 600,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the sale, the chairman now owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock worth $55,519,950 over the last three months. Company insiders own 10.23% of the company’s stock.

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.