Clearbridge Investments LLC Has $115.61 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Clearbridge Investments LLC trimmed its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,014,389 shares of the business services provider's stock after selling 60,938 shares during the quarter. Clearbridge Investments LLC owned about 0.21% of Copart worth $115,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CPRT. Sandy Spring Bank lifted its position in Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after acquiring an additional 176 shares during the last quarter. Quarry LP acquired a new position in shares of Copart during the 3rd quarter worth about $29,000. True Wealth Design LLC boosted its stake in Copart by 1,737.1% during the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after purchasing an additional 608 shares during the period. Curio Wealth LLC acquired a new stake in Copart in the 4th quarter valued at approximately $52,000. Finally, Continuum Advisory LLC increased its position in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock worth $55,000 after buying an additional 452 shares during the period. 85.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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Insider Buying and Selling at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of the firm'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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,480 shares of company stock valued at $21,667,683. 9.68% of the stock is currently owned by corporate insiders.

Copart Price Performance

Shares of NASDAQ CPRT traded up $0.26 during mid-day trading on Wednesday, hitting $57.47. The company had a trading volume of 3,925,866 shares, compared to its average volume of 4,275,281. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm has a market cap of $55.52 billion, a P/E ratio of 38.57 and a beta of 1.30. The business's 50-day simple moving average is $56.32 and its 200-day simple moving average is $56.33.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

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.