DF Dent & Co. Inc. Increases Stock Position in Copart, Inc. (NASDAQ:CPRT)

DF Dent & Co. Inc. raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 76.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 914,723 shares of the business services provider’s stock after acquiring an additional 397,130 shares during the period. DF Dent & Co. Inc. owned approximately 0.09% of Copart worth $52,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sandy Spring Bank increased its holdings in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Quarry LP acquired a new stake in shares of Copart in the third quarter valued at $29,000. Curio Wealth LLC purchased a new stake in shares of Copart in the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC purchased a new position in Copart during the 4th quarter valued at about $54,000. Finally, Continuum Advisory LLC grew its position 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 acquiring an additional 452 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Up 0.5 %

Copart stock opened at $57.47 on Thursday. The firm has a market capitalization of $55.52 billion, a P/E ratio of 38.57 and a beta of 1.30. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock’s fifty day simple moving average is $56.31 and its 200-day simple moving average is $56.34.

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 analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. 9.68% of the stock is owned by insiders.

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.