Copart, Inc. (NASDAQ:CPRT) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 170,949 shares of the business services provider’s stock after purchasing an additional 731 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Copart were worth $9,811,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Copart during the third quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart in the 3rd quarter valued at approximately $33,000. True Wealth Design LLC boosted 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 purchasing an additional 608 shares in the last quarter. Continuum Advisory LLC boosted 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 purchasing an additional 452 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Down 1.8 %

Shares of CPRT opened at $55.23 on Friday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The stock’s 50 day moving average is $57.69 and its two-hundred day moving average is $55.82. The firm has a market capitalization of $53.22 billion, a PE ratio of 37.07 and a beta of 1.33.

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 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 the consensus estimate of $1.13 billion. On average, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The stock was 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 can be accessed through this link. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The stock was 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 of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 398,790 shares of company stock worth $23,161,540 in the last ninety days. Insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Company 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.