Copart, Inc. (NASDAQ:CPRT) Stock Position Decreased by Invesco Ltd.

Invesco Ltd. trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,831,908 shares of the business services provider’s stock after selling 2,285,873 shares during the period. Invesco Ltd. owned about 0.92% of Copart worth $506,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CPRT. Sandy Spring Bank raised its stake in 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 purchasing an additional 176 shares during the period. Quarry LP acquired a new stake in Copart during the 3rd quarter worth about $29,000. Curio Wealth LLC purchased a new position in Copart during the 4th quarter valued at about $52,000. Retirement Wealth Solutions LLC acquired a new position in shares of Copart in the 4th quarter valued at about $54,000. Finally, Continuum Advisory LLC lifted its position in shares of Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling 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 stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Performance

CPRT opened at $54.59 on Wednesday. The stock has a 50-day moving average of $56.05 and a 200-day moving average of $56.48. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company has a market cap of $52.74 billion, a PE ratio of 36.64 and a beta of 1.22.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion for 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%. On average, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

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.