AIA Group Ltd Sells 20,600 Shares of Copart, Inc. (NASDAQ:CPRT)

AIA Group Ltd decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 19.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,043 shares of the business services provider’s stock after selling 20,600 shares during the quarter. AIA Group Ltd’s holdings in Copart were worth $4,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sandy Spring Bank grew its position in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the period. Lindbrook Capital LLC increased its position in Copart by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock worth $345,000 after buying an additional 184 shares in the last quarter. Everpar Advisors LLC raised its stake in shares of Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after buying an additional 199 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after acquiring an additional 200 shares during the period. Finally, Simmons Bank increased its holdings in Copart by 4.4% in the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock worth $271,000 after acquiring an additional 200 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Argus downgraded shares of Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Copart Trading Down 0.9 %

Shares of NASDAQ:CPRT opened at $55.15 on Monday. The company has a market capitalization of $53.28 billion, a price-to-earnings ratio of 37.01 and a beta of 1.30. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm’s 50-day moving average is $56.33 and its 200 day moving average is $56.23.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders have sold 385,480 shares of company stock worth $21,667,683 in the last ninety days. 9.68% of the stock is owned by company insiders.

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.