Curio Wealth LLC Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Curio Wealth LLC bought a new position in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, Holdings Channel.com reports. The firm bought 900 shares of the business services provider’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPRT. Quarry LP bought a new position in Copart in the 3rd quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Copart in the 4th quarter valued at approximately $54,000. Continuum Advisory LLC raised its holdings in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after buying an additional 452 shares during the last quarter. Finally, Eastern Bank raised its holdings in Copart by 115.1% in the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock valued at $69,000 after buying an additional 640 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Up 2.1 %

Shares of CPRT stock opened at $53.75 on Tuesday. The company has a market cap of $51.93 billion, a price-to-earnings ratio of 36.07 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The firm has a 50 day moving average of $56.65 and a 200-day moving average of $56.02.

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

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report 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.