Farringdon Capital Ltd. Makes New $472,000 Investment in Copart, Inc. (NASDAQ:CPRT)

Farringdon Capital Ltd. acquired a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,216 shares of the business services provider’s stock, valued at approximately $472,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sandy Spring Bank boosted 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 last quarter. Curio Wealth LLC bought a new position in shares of Copart in the fourth quarter valued at approximately $52,000. Retirement Wealth Solutions LLC purchased a new position in shares of Copart during the fourth quarter valued at approximately $54,000. Eastern Bank grew its holdings in Copart by 115.1% during the fourth quarter. Eastern Bank now owns 1,196 shares of the business services provider’s stock worth $69,000 after buying an additional 640 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Copart in the 4th quarter valued at $73,000. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 0.4 %

CPRT stock opened at $59.68 on Friday. The firm has a market cap of $57.66 billion, a PE ratio of 40.05 and a beta of 1.22. The business has a 50 day moving average of $56.21 and a 200-day moving average of $56.82. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

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

Analyst Ratings Changes

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

Insider Activity at Copart

In related 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 value of $5,400,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of the 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. Over the last 90 days, insiders sold 200,000 shares of company stock worth $11,401,000. 9.68% of the stock is owned by company insiders.

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.