Jackson Square Partners LLC Sells 4,065 Shares of Copart, Inc. (NASDAQ:CPRT)

Jackson Square Partners LLC lowered its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 78,578 shares of the business services provider’s stock after selling 4,065 shares during the period. Jackson Square Partners LLC’s holdings in Copart were worth $4,510,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Sandy Spring Bank lifted its holdings in 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. Cadence Bank lifted its stake in Copart by 0.6% in the 3rd quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after purchasing an additional 178 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Copart by 3.2% during 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 raised its position in Copart by 4.3% in 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 last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Copart by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock valued at $4,314,000 after buying an additional 200 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated 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 have sold a total of 385,480 shares of company stock valued at $21,667,683 in the last 90 days. Corporate insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

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

Copart Trading Up 2.7 %

Shares of NASDAQ:CPRT opened at $55.06 on Tuesday. The stock’s fifty day simple moving average is $56.42 and its two-hundred day simple moving average is $56.07. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The stock has a market cap of $53.19 billion, a PE ratio of 36.95 and a beta of 1.30.

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

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.