Alaska Permanent Fund Corp Purchases Shares of 880 Copart, Inc. (NASDAQ:CPRT)

Alaska Permanent Fund Corp acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 880 shares of the business services provider’s stock, valued at approximately $43,000.

Other hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in shares of Copart in the third quarter valued at approximately $25,000. Manchester Capital Management LLC lifted its position in shares of Copart by 101.0% in the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after buying an additional 314 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in Copart by 87.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock worth $30,000 after purchasing an additional 323 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Copart during the 4th quarter worth approximately $34,000. Finally, Annapolis Financial Services LLC lifted its holdings in Copart by 100.0% during the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock worth $31,000 after purchasing an additional 360 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the transaction, 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 SEC, which is available through this hyperlink. In other news, Chairman A Jayson Adair sold 600,000 shares of Copart stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of Copart stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total value of $15,751,950.00. Following the completion of the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock worth $55,519,950 in the last 90 days. Company insiders own 10.23% of the company’s stock.

Copart Price Performance

Copart stock opened at $55.73 on Friday. The stock’s fifty day moving average price is $54.86 and its two-hundred day moving average price is $50.41. Copart, Inc. has a one year low of $38.53 and a one year high of $58.58. The firm has a market cap of $53.58 billion, a PE ratio of 40.09 and a beta of 1.22.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 EPS 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business earned $0.31 EPS. Copart’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on CPRT shares. JPMorgan Chase & Co. lifted their price target on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. StockNews.com cut Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

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.