Barclays PLC Lowers Holdings in Copart, Inc. (NASDAQ:CPRT)

Barclays PLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,601,322 shares of the business services provider's stock after selling 1,441,412 shares during the period. Barclays PLC owned approximately 0.48% of Copart worth $264,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Sandy Spring Bank lifted its stake in shares of Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the period. Curio Wealth LLC acquired a new position in shares of Copart in the fourth quarter worth about $52,000. Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the fourth quarter worth about $54,000. Eastern Bank boosted its stake in shares of Copart by 115.1% during the 4th quarter. Eastern Bank now owns 1,196 shares of the business services provider's stock worth $69,000 after acquiring an additional 640 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Copart during the 4th quarter valued at about $73,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the firm's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by insiders.

Copart Stock Performance

Shares of CPRT stock traded up $0.24 on Friday, reaching $59.68. 7,558,703 shares of the company were exchanged, compared to its average volume of 4,416,459. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The business has a 50-day moving average price of $56.22 and a 200 day moving average price of $56.93. The company has a market cap of $57.66 billion, a price-to-earnings ratio of 40.05 and a beta of 1.22.

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, beating analysts' consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Argus cut Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

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.