Copart, Inc. (NASDAQ:CPRT) Shares Sold by AIA Group Ltd

AIA Group Ltd trimmed its holdings in Copart, Inc. (NASDAQ:CPRT) by 19.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 86,043 shares of the business services provider’s stock after selling 20,600 shares during the period. AIA Group Ltd’s holdings in Copart were worth $4,938,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Copart by 14.4% in the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider’s stock valued at $812,488,000 after purchasing an additional 1,785,741 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Copart by 16.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 77,234 shares of the business services provider’s stock valued at $4,432,000 after acquiring an additional 11,152 shares during the last quarter. RWA Wealth Partners LLC acquired a new position in Copart during the 4th quarter valued at approximately $804,000. Schroder Investment Management Group raised its stake in Copart by 0.8% during the 4th quarter. Schroder Investment Management Group now owns 998,021 shares of the business services provider’s stock valued at $57,276,000 after acquiring an additional 7,868 shares in the last quarter. Finally, Allianz SE acquired a new position in Copart during the 4th quarter valued at about $2,859,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Daniel J. Englander sold 235,480 shares of Copart 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 385,480 shares of company stock valued at $21,667,683 in the last quarter. Company insiders own 9.68% of the company’s stock.

Copart Price Performance

Copart stock opened at $55.15 on Monday. The company has a market capitalization of $53.28 billion, a PE ratio of 37.01 and a beta of 1.30. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The business has a 50 day simple moving average of $56.33 and a 200 day simple moving average of $56.23.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal 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.