Copart, Inc. (NASDAQ:CPRT) Position Trimmed by LMR Partners LLP

LMR Partners LLP lessened its position in Copart, Inc. (NASDAQ:CPRT) by 34.8% during the fourth quarter, Holdings Channel reports. The fund owned 22,000 shares of the business services provider’s stock after selling 11,746 shares during the quarter. LMR Partners LLP’s holdings in Copart were worth $1,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CPRT. Janus Henderson Group PLC boosted its stake in Copart by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 97,475 shares of the business services provider’s stock valued at $5,595,000 after purchasing an additional 909 shares during the period. Guardian Wealth Advisors LLC NC boosted its stake in Copart by 13.1% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 46,602 shares of the business services provider’s stock valued at $2,674,000 after purchasing an additional 5,384 shares during the period. Geller Advisors LLC acquired a new position in Copart during the 4th quarter valued at about $288,000. Focus Partners Wealth boosted its stake in Copart by 1.3% during the 4th quarter. Focus Partners Wealth now owns 87,840 shares of the business services provider’s stock valued at $5,041,000 after purchasing an additional 1,170 shares during the period. Finally, Fiduciary Trust Co acquired a new position in Copart during the 4th quarter valued at about $211,000. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Copart

In other news, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The sale 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 company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. In the last three months, insiders sold 200,000 shares of company stock valued at $11,401,000. Company insiders own 9.68% of the company’s stock.

Copart Stock Up 0.4%

Copart stock opened at $62.39 on Wednesday. The firm has a 50-day moving average price of $57.59 and a two-hundred day moving average price of $57.78. The firm has a market capitalization of $60.27 billion, a price-to-earnings ratio of 41.87 and a beta of 1.20. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

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.