Royal London Asset Management Ltd. Buys 22,928 Shares of Copart, Inc. (NASDAQ:CPRT)

Royal London Asset Management Ltd. raised its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,450,970 shares of the business services provider's stock after purchasing an additional 22,928 shares during the quarter. Royal London Asset Management Ltd. owned 0.15% of Copart worth $83,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in Copart in the 3rd quarter valued at approximately $29,000. True Wealth Design LLC raised its stake in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Curio Wealth LLC bought a new position in shares of Copart during the fourth quarter valued at $52,000. Continuum Advisory LLC lifted its holdings in shares of Copart by 88.6% during the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after purchasing an additional 452 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Copart during the fourth quarter valued at $54,000. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

Shares of CPRT stock traded up $1.43 on Monday, reaching $55.06. The stock had a trading volume of 4,315,527 shares, compared to its average volume of 4,016,409. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a market cap of $53.19 billion, a P/E ratio of 36.95 and a beta of 1.30. The company has a 50 day simple moving average of $56.43 and a 200 day simple moving average of $56.03.

Remove Ads

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) 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 business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. On average, equities research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matt Blunt sold 50,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,480 shares of company stock worth $21,667,683. Corporate insiders own 9.68% of the company's stock.

Analysts Set New Price Targets

Separately, Argus lowered shares of 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.