Copart, Inc. (NASDAQ:CPRT) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 23.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,601,322 shares of the business services provider’s stock after selling 1,441,412 shares during the quarter. Barclays PLC’s holdings in Copart were worth $264,070,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CPRT. HighPoint Advisor Group LLC increased its stake in shares of Copart by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock worth $577,000 after purchasing an additional 175 shares in the last quarter. Sandy Spring Bank boosted its holdings in Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 184 shares during the last quarter. Everpar Advisors LLC lifted its position 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 valued at $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Copart by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after acquiring an additional 200 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Trading Down 0.0 %

Shares of NASDAQ CPRT opened at $59.83 on Tuesday. The stock has a market cap of $57.80 billion, a PE ratio of 40.15 and a beta of 1.22. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The company has a 50-day moving average of $56.14 and a 200 day moving average of $56.72.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.68% of the company’s stock.

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.