Haverford Trust Co Trims Stock Position in Copart, Inc. (NASDAQ:CPRT)

Haverford Trust Co cut its position in Copart, Inc. (NASDAQ:CPRT) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,423 shares of the business services provider’s stock after selling 1,271 shares during the quarter. Haverford Trust Co’s holdings in Copart were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Madison Investment Advisors LLC bought a new position in shares of Copart in the fourth quarter worth $253,686,000. Bank of New York Mellon Corp lifted its position in Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock valued at $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Copart by 335.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider’s stock worth $149,471,000 after buying an additional 2,084,626 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Copart during the 4th quarter valued at $69,162,000. Finally, Amundi lifted its holdings in shares of Copart by 18.2% during the 4th quarter. Amundi now owns 7,080,834 shares of the business services provider’s stock worth $402,332,000 after acquiring an additional 1,090,841 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Stock Performance

Shares of Copart stock opened at $55.06 on Tuesday. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The company has a fifty day moving average of $56.42 and a 200-day moving average of $56.07. The stock has a market capitalization of $53.19 billion, a price-to-earnings ratio of 36.95 and a beta of 1.30.

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

Wall Street Analyst Weigh In

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

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 385,480 shares of company stock worth $21,667,683. 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.