Wisconsin Capital Management LLC Buys 853 Shares of Copart, Inc. (NASDAQ:CPRT)

Wisconsin Capital Management LLC grew its position in Copart, Inc. (NASDAQ:CPRT) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,425 shares of the business services provider’s stock after purchasing an additional 853 shares during the period. Copart comprises about 2.7% of Wisconsin Capital Management LLC’s portfolio, making the stock its 15th largest position. Wisconsin Capital Management LLC’s holdings in Copart were worth $4,480,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Copart in the 3rd quarter valued at $25,000. Manchester Capital Management LLC raised its holdings in shares of Copart by 101.0% during the third quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of Copart by 87.1% in 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 period. Fortitude Family Office LLC purchased a new stake in Copart in the fourth quarter worth about $34,000. Finally, Annapolis Financial Services LLC grew its stake in Copart by 100.0% in the third 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 period. Institutional investors own 85.78% of the company’s stock.

Insider Activity

In other Copart news, Director Thomas N. Tryforos sold 285,000 shares of the 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 of the company’s stock, valued at approximately $1,934,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 35,000 shares of the company’s stock, valued at $1,934,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Blunt sold 100,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total transaction of $5,106,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 985,000 shares of company stock valued at $55,519,950. Company insiders own 10.23% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Performance

Shares of NASDAQ CPRT traded up $0.29 during mid-day trading on Thursday, hitting $55.22. The stock had a trading volume of 4,600,815 shares, compared to its average volume of 4,598,456. Copart, Inc. has a twelve month low of $38.35 and a twelve month high of $58.58. The firm has a market cap of $53.09 billion, a PE ratio of 39.73 and a beta of 1.22. The company has a 50 day moving average of $54.73 and a two-hundred day moving average of $50.34.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Copart had a return on equity of 21.55% and a net margin of 33.41%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Equities research analysts predict that Copart, Inc. will post 1.42 EPS for the current fiscal year.

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.