Brown Brothers Harriman & Co. Sells 80,932 Shares of Copart, Inc. (NASDAQ:CPRT)

Brown Brothers Harriman & Co. decreased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 532,083 shares of the business services provider's stock after selling 80,932 shares during the period. Brown Brothers Harriman & Co. owned approximately 0.06% of Copart worth $30,536,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its position in shares of Copart by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock worth $19,494,000 after buying an additional 8,300 shares during the period. National Pension Service boosted its position in Copart by 3.2% during the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after acquiring an additional 48,334 shares during the period. Kieckhefer Group LLC bought a new position in shares of Copart in the fourth quarter worth $3,962,000. Sanctuary Advisors LLC grew its stake in shares of Copart by 21.2% in the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock worth $2,765,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its holdings in shares of Copart by 47.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 393,187 shares of the business services provider's stock valued at $22,565,000 after purchasing an additional 126,436 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

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Copart Price Performance

Shares of CPRT traded down $0.49 during midday trading on Friday, reaching $55.15. The stock had a trading volume of 6,609,728 shares, compared to its average volume of 4,258,680. The firm's 50 day moving average price is $56.33 and its 200-day moving average price is $56.23. The company has a market capitalization of $53.28 billion, a P/E ratio of 37.01 and a beta of 1.30. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm 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%. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matt Blunt sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders sold a total of 385,480 shares of company stock valued at $21,667,683 in the last three months. 9.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.