Stonehage Fleming Financial Services Holdings Ltd Cuts Stock Position in Copart, Inc. $CPRT

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Stonehage Fleming Financial Services Holdings Ltd significantly reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 73.9% in the fourth quarter, selling 2,340,240 shares and retaining 826,875 shares valued at approximately $32.37 million. This move makes Copart 1.0% of Stonehage Fleming’s portfolio and its 17th largest holding. The decision comes amidst Copart missing quarterly earnings expectations, posting an EPS of $0.36 against an expected $0.39, and revenue of $1.12 billion versus $1.15 billion, with the stock trading near its 52-week low.

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