Farringdon Capital Ltd. Invests $472,000 in Copart, Inc. (NASDAQ:CPRT)

Farringdon Capital Ltd. acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,216 shares of the business services provider's stock, valued at approximately $472,000.

Several other institutional investors also recently bought and sold shares of CPRT. HighPoint Advisor Group LLC grew its position in Copart by 1.8% during the 4th 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 during the last quarter. Sandy Spring Bank lifted its holdings in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the period. Lindbrook Capital LLC lifted 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 worth $345,000 after purchasing an additional 184 shares during the period. Everpar Advisors LLC raised its position in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after buying an additional 199 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased 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 period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

NASDAQ CPRT traded up $0.59 during trading hours on Wednesday, reaching $61.00. The company's stock had a trading volume of 1,044,268 shares, compared to its average volume of 4,400,972. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The company's 50-day moving average is $56.23 and its two-hundred day moving average is $57.00. The firm has a market capitalization of $58.93 billion, a price-to-earnings ratio of 40.94 and a beta of 1.22.

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

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 over the last ninety days. Company insiders own 9.68% of the company's stock.

Wall Street Analyst Weigh In

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.