Copart, Inc. (NASDAQ:CPRT) Stock Position Lifted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,428,042 shares of the business services provider's stock after acquiring an additional 14,153 shares during the period. Royal London Asset Management Ltd. owned 0.15% of Copart worth $74,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CPRT. Cetera Advisors LLC boosted its stake in shares of Copart by 72.0% during the first quarter. Cetera Advisors LLC now owns 35,767 shares of the business services provider's stock worth $2,072,000 after buying an additional 14,971 shares during the period. CWM LLC raised its holdings in Copart by 1.2% during the second quarter. CWM LLC now owns 30,242 shares of the business services provider's stock worth $1,638,000 after purchasing an additional 359 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Copart by 33.0% during the second quarter. Valeo Financial Advisors LLC now owns 5,923 shares of the business services provider's stock worth $321,000 after purchasing an additional 1,469 shares in the last quarter. Simplicity Wealth LLC raised its holdings in Copart by 2.6% during the second quarter. Simplicity Wealth LLC now owns 17,620 shares of the business services provider's stock worth $954,000 after purchasing an additional 444 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in Copart during the second quarter worth about $109,382,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

NASDAQ CPRT traded down $0.61 during mid-day trading on Thursday, reaching $62.36. 1,006,665 shares of the stock were exchanged, compared to its average volume of 4,451,876. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $64.38. The business's fifty day simple moving average is $55.68 and its 200 day simple moving average is $53.66. The stock has a market capitalization of $60.09 billion, a PE ratio of 44.35 and a beta of 1.31.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $0.34 EPS. Copart's revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares of the company's stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Robert W. Baird dropped their price objective on shares of Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th.

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.