GAMMA Investing LLC Invests $289,000 in Copart, Inc. (NASDAQ:CPRT)

GAMMA Investing LLC purchased a new stake in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,007 shares of the business services provider’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds also recently modified their holdings of CPRT. Linden Thomas Advisory Services LLC grew its holdings in shares of Copart by 10.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 37,428 shares of the business services provider’s stock valued at $1,834,000 after acquiring an additional 3,583 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in Copart by 57.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 209,929 shares of the business services provider’s stock valued at $10,287,000 after purchasing an additional 76,764 shares during the last quarter. PDS Planning Inc bought a new position in shares of Copart during the 4th quarter worth approximately $212,000. Commerzbank Aktiengesellschaft FI bought a new position in Copart during the fourth quarter worth $233,000. Finally, EFG Asset Management Americas Corp. boosted its holdings in shares of Copart by 21.2% during the 4th quarter. EFG Asset Management Americas Corp. now owns 33,554 shares of the business services provider’s stock worth $1,644,000 after buying an additional 5,858 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Price Performance

Shares of Copart stock opened at $54.93 on Thursday. The company’s 50 day moving average price is $54.62 and its two-hundred day moving average price is $50.31. The firm has a market capitalization of $52.82 billion, a P/E ratio of 39.52 and a beta of 1.22. Copart, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a return on equity of 21.55% and a net margin of 33.41%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect that Copart, Inc. will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on CPRT shares. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Copart currently has an average rating of “Hold” and a consensus price target of $51.00.

Insider Activity

In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the sale, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total value of $15,751,950.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the completion of the sale, the chairman now owns 19,687,980 shares in the company, valued at $1,137,374,604.60. The disclosure for this sale can be found here. Insiders sold 985,000 shares of company stock valued at $55,519,950 over the last quarter. 10.23% of the stock is owned by company 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.