Davidson Capital Management Inc. Purchases 2,523 Shares of Copart, Inc. (NASDAQ:CPRT)

Davidson Capital Management Inc. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,861 shares of the business services provider’s stock after purchasing an additional 2,523 shares during the quarter. Copart makes up about 0.9% of Davidson Capital Management Inc.’s investment portfolio, making the stock its 25th largest position. Davidson Capital Management Inc.’s holdings in Copart were worth $3,550,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CPRT. Certuity LLC lifted its stake in Copart by 6.4% in the fourth quarter. Certuity LLC now owns 19,877 shares of the business services provider’s stock worth $1,141,000 after purchasing an additional 1,202 shares during the last quarter. Sovran Advisors LLC purchased a new position in shares of Copart in the fourth quarter worth about $773,000. McBroom & Associates LLC lifted its stake in shares of Copart by 1.6% in the 4th quarter. McBroom & Associates LLC now owns 155,045 shares of the business services provider’s stock valued at $8,898,000 after acquiring an additional 2,450 shares during the last quarter. Panoramic Capital Partners LLC purchased a new stake in Copart during the 4th quarter valued at about $484,000. Finally, Savant Capital LLC grew its position in Copart by 13.5% during the 4th quarter. Savant Capital LLC now owns 8,725 shares of the business services provider’s stock worth $501,000 after acquiring an additional 1,035 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Up 1.0 %

CPRT stock opened at $59.23 on Wednesday. The stock has a market capitalization of $57.07 billion, a price-to-earnings ratio of 41.71 and a beta of 1.33. The firm’s 50-day moving average price is $58.46 and its two-hundred day moving average price is $55.29. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

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

Analyst Ratings Changes

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

Insider Activity at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 over the last quarter. 9.68% of the stock is owned by corporate 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.