Daiwa Securities Group Inc. Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Daiwa Securities Group Inc. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 193,296 shares of the business services provider’s stock after purchasing an additional 8,078 shares during the period. Daiwa Securities Group Inc.’s holdings in Copart were worth $9,471,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CPRT. Quarry LP purchased a new position in Copart in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC purchased a new position in Copart in the 2nd quarter worth approximately $38,000. Benjamin F. Edwards & Company Inc. purchased a new position in Copart in the 2nd quarter worth approximately $38,000. Hollencrest Capital Management raised its holdings in Copart by 92.1% in the 1st quarter. Hollencrest Capital Management now owns 438 shares of the business services provider’s stock worth $33,000 after acquiring an additional 210 shares during the last quarter. Finally, First Capital Advisors Group LLC. purchased a new position in Copart in the 2nd quarter worth approximately $50,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CPRT. StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Copart currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Insider Activity

In other news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas N. Tryforos sold 285,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $1,934,450. The disclosure for this sale can be found here. Insiders sold a total of 985,000 shares of company stock valued at $55,519,950 in the last 90 days. Company insiders own 10.23% of the company’s stock.

Copart Trading Down 1.5 %

NASDAQ:CPRT opened at $53.20 on Friday. Copart, Inc. has a 12 month low of $38.35 and a 12 month high of $58.58. The company has a market cap of $51.15 billion, a PE ratio of 38.27 and a beta of 1.22. The company has a 50 day simple moving average of $54.31 and a two-hundred day simple moving average of $49.98.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $0.31 EPS. The company’s revenue was up 6.6% on a year-over-year basis. Research analysts forecast that Copart, Inc. will post 1.42 earnings per share for the current year.

Copart 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.