RDA Financial Network Has $1.48 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

RDA Financial Network boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,781 shares of the business services provider’s stock after buying an additional 3,049 shares during the quarter. RDA Financial Network’s holdings in Copart were worth $1,480,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CPRT. Optimum Investment Advisors raised its holdings in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the period. Eastern Bank acquired a new position in Copart during the third quarter worth approximately $29,000. Quarry LP bought a new stake in Copart in the third quarter valued at approximately $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Copart in the third quarter valued at approximately $33,000. Finally, True Wealth Design LLC boosted its stake in shares of Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after acquiring an additional 608 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the transaction, the director now owns 7,850 shares in the company, valued at $485,601. This represents a 91.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock worth $39,199,813 in the last 90 days. Company insiders own 9.68% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $56.40 on Friday. The firm has a market cap of $54.34 billion, a P/E ratio of 39.72 and a beta of 1.33. Copart, Inc. has a 52 week low of $47.31 and a 52 week high of $64.38. The firm’s 50-day simple moving average is $59.06 and its 200 day simple moving average is $54.69.

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

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.