Barclays PLC Boosts Holdings in Copart, Inc. (NASDAQ:CPRT)

Barclays PLC increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,042,734 shares of the business services provider's stock after acquiring an additional 21,710 shares during the quarter. Barclays PLC owned approximately 0.63% of Copart worth $316,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Optimum Investment Advisors boosted its holdings in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock worth $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank purchased a new position in Copart in the third quarter valued at about $29,000. Quarry LP bought a new position in shares of Copart during the 3rd quarter valued at approximately $29,000. Crewe Advisors LLC increased its stake in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock worth $31,000 after purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Insider Buying and Selling

In other Copart news, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares in the company, valued at $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. 9.68% of the stock is currently owned by insiders.

Copart Trading Down 0.4 %

Shares of CPRT stock traded down $0.25 during trading on Tuesday, reaching $61.52. 3,883,243 shares of the company's stock traded hands, compared to its average volume of 4,450,246. The firm's 50-day moving average is $56.44 and its 200 day moving average is $53.87. The company has a market capitalization of $59.28 billion, a P/E ratio of 43.32 and a beta of 1.31. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. The firm's quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CPRT shares. Robert W. Baird reduced their price objective on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th.

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.