Hsbc Holdings PLC Has $267.37 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Hsbc Holdings PLC lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,656,818 shares of the business services provider's stock after selling 35,525 shares during the period. Hsbc Holdings PLC owned about 0.48% of Copart worth $267,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CPRT. Sandy Spring Bank boosted its stake in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after buying an additional 176 shares during the period. Curio Wealth LLC acquired a new stake in shares of Copart during the 4th quarter valued at $52,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Copart during the 4th quarter valued at $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 valued at $69,000 after buying an additional 640 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Copart during the 4th quarter valued at $73,000. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Trading Down 1.7 %

CPRT traded down $1.07 during trading on Friday, hitting $60.90. The stock had a trading volume of 4,381,054 shares, compared to its average volume of 4,421,581. The firm has a market cap of $58.84 billion, a PE ratio of 40.87 and a beta of 1.22. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company has a 50 day simple moving average of $56.34 and a 200-day simple moving average of $57.15.

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of the company'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,000 shares of company stock worth $11,401,000. Company insiders own 9.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus downgraded shares of 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.