LMR Partners LLP Has $1.26 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

LMR Partners LLP lessened its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 34.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,000 shares of the business services provider's stock after selling 11,746 shares during the period. LMR Partners LLP's holdings in Copart were worth $1,263,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its position in shares of Copart by 2.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock worth $19,494,000 after purchasing an additional 8,300 shares during the period. National Pension Service raised its position in shares of Copart by 3.2% during the 4th quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after purchasing an additional 48,334 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Copart by 289.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock worth $1,970,000 after purchasing an additional 25,512 shares during the period. Tsai Capital Corp raised its position in shares of Copart by 13.3% during the 4th quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock worth $3,540,000 after purchasing an additional 7,230 shares during the period. Finally, Voleon Capital Management LP acquired a new stake in shares of Copart during the 4th quarter worth approximately $1,314,000. Institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Copart Trading Up 1.4%

CPRT traded up $0.87 during trading hours on Friday, hitting $63.84. The company's stock had a trading volume of 4,625,053 shares, compared to its average volume of 4,409,701. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm has a market capitalization of $61.68 billion, a PE ratio of 42.85 and a beta of 1.20. The company has a 50-day simple moving average of $58.19 and a 200 day simple moving average of $57.96.

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 (EPS) for the quarter, beating 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 company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Cohan sold 94,997 shares of the firm's stock in a transaction 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. In the last ninety days, insiders have sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by company insiders.

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.