Barclays PLC Purchases 21,710 Shares of Copart, Inc. (NASDAQ:CPRT)

Barclays PLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,042,734 shares of the business services provider’s stock after purchasing an additional 21,710 shares during the quarter. Barclays PLC owned about 0.63% of Copart worth $316,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its holdings in 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 during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Copart by 12.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,654,508 shares of the business services provider’s stock worth $86,696,000 after purchasing an additional 189,066 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Copart by 3.2% in the 3rd quarter. MML Investors Services LLC now owns 153,037 shares of the business services provider’s stock worth $8,019,000 after buying an additional 4,703 shares during the last quarter. Kensington Investment Counsel LLC increased its position in Copart by 2.8% during the 3rd quarter. Kensington Investment Counsel LLC now owns 60,570 shares of the business services provider’s stock valued at $3,174,000 after buying an additional 1,653 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new position in Copart during the third quarter valued at $895,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Down 0.5 %

Shares of CPRT opened at $61.77 on Tuesday. The company has a market cap of $59.52 billion, a price-to-earnings ratio of 43.50 and a beta of 1.31. The business’s fifty day simple moving average is $56.26 and its two-hundred day simple moving average is $53.81. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $0.34 earnings per share. Copart’s revenue was up 12.4% compared to the same quarter last year. As a group, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

CPRT has been the topic of a number of recent research reports. Robert W. Baird reduced their price target on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

Insider Transactions at Copart

In related news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the sale, the chairman now owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas N. Tryforos sold 83,310 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at approximately $485,601. This represents a 91.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.68% of the company’s stock.

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.