Valeo Financial Advisors LLC Purchases Shares of 4,189 Copart, Inc. (NASDAQ:CPRT)

Valeo Financial Advisors LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,189 shares of the business services provider’s stock, valued at approximately $205,000.

Several other hedge funds also recently added to or reduced their stakes in CPRT. Vanguard Group Inc. increased its stake in Copart by 100.6% in the third quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock valued at $4,201,821,000 after purchasing an additional 48,891,984 shares during the last quarter. Principal Financial Group Inc. increased its stake in Copart by 96.8% in the third quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock valued at $1,715,114,000 after purchasing an additional 19,576,719 shares during the last quarter. Wellington Management Group LLP increased its stake in 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 during the last quarter. JPMorgan Chase & Co. increased its stake in 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 during the last quarter. Finally, FMR LLC increased its stake in 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 during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Copart

In related news, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 100,000 shares of Copart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock worth $55,519,950 in the last three months. Insiders own 10.23% of the company’s stock.

Copart Trading Down 0.7 %

Shares of CPRT opened at $54.38 on Wednesday. The firm has a market cap of $52.29 billion, a PE ratio of 39.12 and a beta of 1.22. The company’s 50 day simple moving average is $54.20 and its 200-day simple moving average is $49.93. Copart, Inc. has a 12-month low of $38.35 and a 12-month high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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 firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that Copart, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.