Barclays PLC Sells 1,441,412 Shares of Copart, Inc. (NASDAQ:CPRT)

Barclays PLC trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,601,322 shares of the business services provider's stock after selling 1,441,412 shares during the period. Barclays PLC owned approximately 0.48% of Copart worth $264,070,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sandy Spring Bank increased its position in Copart by 59.5% in 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. Curio Wealth LLC acquired a new stake in Copart in the fourth quarter valued at $52,000. Retirement Wealth Solutions LLC bought a new position in Copart during the 4th quarter worth $54,000. Eastern Bank lifted its holdings in Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock worth $69,000 after buying an additional 640 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $73,000. 85.78% of the stock is owned by institutional investors.

Copart Trading Up 0.4 %

CPRT stock traded up $0.24 during midday trading on Friday, hitting $59.68. The stock had a trading volume of 7,558,703 shares, compared to its average volume of 4,421,927. The business has a fifty day moving average price of $56.22 and a two-hundred day moving average price of $56.87. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm has a market cap of $57.66 billion, a P/E ratio of 40.05 and a beta of 1.22.

Copart (NASDAQ:CPRT - Get Free Report) last released its 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. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. On average, equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other Copart 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven D. Cohan sold 5,003 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,000 shares of company stock worth $11,401,000. Insiders own 9.68% of the company's stock.

Analysts Set New Price Targets

Separately, Argus lowered Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

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.