Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Oarsman Capital Inc.

Oarsman Capital Inc. raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,795 shares of the business services provider’s stock after purchasing an additional 306 shares during the quarter. Oarsman Capital Inc.’s holdings in Copart were worth $734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. acquired a new stake in shares of Copart in the fourth quarter worth $15,548,000. DF Dent & Co. Inc. grew its position in Copart by 76.7% during the 4th quarter. DF Dent & Co. Inc. now owns 914,723 shares of the business services provider’s stock worth $52,496,000 after purchasing an additional 397,130 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Copart during the 4th quarter worth about $15,001,000. Motley Fool Asset Management LLC lifted its holdings in shares of Copart by 13.3% in the 4th quarter. Motley Fool Asset Management LLC now owns 43,874 shares of the business services provider’s stock valued at $2,518,000 after buying an additional 5,141 shares during the period. Finally, Westpac Banking Corp boosted its stake in shares of Copart by 7.9% in the fourth quarter. Westpac Banking Corp now owns 52,011 shares of the business services provider’s stock worth $2,985,000 after buying an additional 3,823 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Stock Down 3.8 %

Shares of Copart stock opened at $54.51 on Friday. The firm has a market cap of $52.66 billion, a PE ratio of 36.58 and a beta of 1.22. The business has a 50-day moving average price of $56.23 and a 200 day moving average price of $56.38. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping 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 company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Company insiders own 9.68% of the company’s stock.

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.