Copart, Inc. (NASDAQ:CPRT) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 99.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,503 shares of the business services provider's stock after selling 513,797 shares during the period. Marshall Wace LLP's holdings in Copart were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CPRT. HighPoint Advisor Group LLC raised its position in shares of Copart by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock valued at $577,000 after purchasing an additional 175 shares during the period. 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 last quarter. Lindbrook Capital LLC raised its holdings in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after buying an additional 184 shares during the period. Everpar Advisors LLC raised its holdings in shares of Copart by 4.3% in the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after buying an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock worth $4,314,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Copart Trading Up 0.9 %

CPRT stock traded up $0.54 during trading on Thursday, reaching $61.78. 3,671,733 shares of the stock were exchanged, compared to its average volume of 4,410,369. The business has a 50 day moving average price of $56.98 and a 200-day moving average price of $57.45. The firm has a market capitalization of $59.69 billion, a price-to-earnings ratio of 41.46 and a beta of 1.20. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38.

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 for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

Insider Activity at Copart

In other news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction on Monday, April 14th. The shares were 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. Insiders sold a total of 200,000 shares of company stock valued at $11,401,000 over the last ninety days. Insiders own 9.68% of the company's stock.

Copart 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.