Schroder Investment Management Group Has $57.28 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Schroder Investment Management Group lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 998,021 shares of the business services provider’s stock after purchasing an additional 7,868 shares during the quarter. Schroder Investment Management Group’s holdings in Copart were worth $57,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sandy Spring Bank lifted its stake in Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Copart by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 184 shares in the last quarter. Everpar Advisors LLC boosted its stake in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the period. Oregon Public Employees Retirement Fund grew its position in Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after purchasing an additional 200 shares in the last quarter. Finally, Simmons Bank raised its stake in Copart by 4.4% during the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $56.59 on Tuesday. The company has a market capitalization of $54.67 billion, a PE ratio of 37.98 and a beta of 1.30. The company’s 50 day moving average price is $56.32 and its 200 day moving average price is $56.28. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

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

Analyst Ratings Changes

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

Insider Transactions at Copart

In other news, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total transaction of $2,883,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 385,480 shares of company stock valued at $21,667,683 in the last three months. Corporate insiders own 9.68% of the company’s stock.

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.