Copart, Inc. (NASDAQ:CPRT) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its holdings in Copart, Inc. (NASDAQ:CPRT) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 532,083 shares of the business services provider’s stock after selling 80,932 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Copart were worth $30,536,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Copart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock worth $5,861,185,000 after acquiring an additional 976,909 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after purchasing an additional 941,858 shares during the period. State Street Corp grew its stake in Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the period. Finally, Geode Capital Management LLC raised its position in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Copart

In other Copart news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold 385,480 shares of company stock worth $21,667,683 over the last three months. Insiders own 9.68% of the company’s stock.

Copart Trading Down 0.9 %

Shares of CPRT stock opened at $55.15 on Friday. The company has a market cap of $53.28 billion, a P/E ratio of 37.01 and a beta of 1.30. The firm has a fifty day moving average price of $56.33 and a 200 day moving average price of $56.14. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

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

Copart Company 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.