Copart, Inc. (NASDAQ:CPRT) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,214,034 shares of the business services provider's stock after selling 1,570,060 shares during the quarter. Legal & General Group Plc owned approximately 0.54% of Copart worth $299,233,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. HighPoint Advisor Group LLC grew its holdings in Copart by 1.8% in the fourth 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 grew its stake 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 buying an additional 176 shares during the last quarter. Lindbrook Capital LLC increased its position in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after buying an additional 184 shares in the last quarter. Everpar Advisors LLC boosted its holdings in Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after acquiring an additional 199 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Copart by 0.3% during 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 last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Insider Transactions at Copart

In related news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 9.68% of the company's stock.

Copart Stock Down 0.2 %

Shares of CPRT stock traded down $0.09 during mid-day trading on Monday, hitting $59.75. 1,138,094 shares of the stock were exchanged, compared to its average volume of 4,390,434. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company has a market cap of $57.72 billion, a PE ratio of 40.10 and a beta of 1.22. The firm has a fifty day moving average of $56.12 and a 200 day moving average of $56.67.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly 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 firm had revenue of $1.16 billion for 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%. Equities 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.