London Co. of Virginia Trims Position in Copart, Inc. (NASDAQ:CPRT)

London Co. of Virginia lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,672,692 shares of the business services provider’s stock after selling 20,764 shares during the quarter. London Co. of Virginia owned about 0.38% of Copart worth $210,776,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. HighPoint Advisor Group LLC boosted its stake in shares of Copart by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 175 shares during the period. Sandy Spring Bank boosted its stake in shares of 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 purchasing an additional 176 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 184 shares during the period. Everpar Advisors LLC boosted its stake in shares of Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Copart by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 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 Down 0.4%

Shares of Copart stock opened at $61.52 on Monday. The company has a market cap of $59.43 billion, a PE ratio of 41.29 and a beta of 1.20. The business has a 50 day moving average of $57.26 and a 200 day moving average of $57.67. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last announced 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. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. On average, research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the 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 disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock worth $11,401,000 over the last quarter. 9.68% of the stock is owned by corporate insiders.

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.