Martin Currie Ltd. Has $10.55 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Martin Currie Ltd. lowered its position in Copart, Inc. (NASDAQ:CPRT) by 14.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 183,825 shares of the business services provider’s stock after selling 32,167 shares during the period. Martin Currie Ltd.’s holdings in Copart were worth $10,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank increased its stake in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Quarry LP bought a new stake in Copart during the third quarter worth approximately $29,000. True Wealth Design LLC grew its stake in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after buying an additional 608 shares during the last quarter. Curio Wealth LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $52,000. Finally, Retirement Wealth Solutions LLC bought a new position in Copart in the 4th quarter worth approximately $54,000. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.9 %

Copart stock opened at $55.15 on Friday. The business has a 50 day moving average price of $56.33 and a two-hundred day moving average price of $56.19. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The stock has a market cap of $53.28 billion, a price-to-earnings ratio of 37.01 and a beta of 1.30.

Copart (NASDAQ:CPRT) last issued its 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. 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 analyst estimates of $1.13 billion. On average, analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other Copart news, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. In the last three months, insiders sold 385,480 shares of company stock valued at $21,667,683. Company insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Separately, Argus cut 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.