Ridgewood Investments LLC Has $111,000 Position in Copart, Inc. (NASDAQ:CPRT)

Ridgewood Investments LLC lowered its holdings in Copart, Inc. (NASDAQ:CPRT) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,931 shares of the business services provider’s stock after selling 201 shares during the quarter. Ridgewood Investments LLC’s holdings in Copart were worth $111,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CPRT. Cadence Bank boosted its holdings in Copart by 0.6% during the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after acquiring an additional 178 shares during the last quarter. Duncan Williams Asset Management LLC boosted its holdings in Copart by 1.3% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after acquiring an additional 203 shares during the last quarter. Covestor Ltd boosted its holdings in Copart by 5.1% during the 3rd quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock worth $225,000 after acquiring an additional 209 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Copart by 0.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock worth $1,447,000 after acquiring an additional 213 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Copart by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider’s stock worth $1,363,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the sale, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated 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. In the last ninety days, insiders have sold 650,213 shares of company stock valued at $39,199,813. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $55.64 on Friday. The company’s 50-day moving average is $58.81 and its 200 day moving average is $54.64. The company has a market capitalization of $53.61 billion, a P/E ratio of 39.18 and a beta of 1.33. Copart, Inc. has a fifty-two week low of $47.19 and a fifty-two week high of $64.38.

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

About Copart

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.