Copart, Inc. (NASDAQ:CPRT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 52.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,406 shares of the business services provider’s stock after selling 42,899 shares during the quarter. SG Americas Securities LLC’s holdings in Copart were worth $1,882,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CPRT. Vanguard Group Inc. grew its stake in shares of Copart by 100.6% in the 3rd quarter. Vanguard Group Inc. now owns 97,512,662 shares of the business services provider’s stock worth $4,201,821,000 after purchasing an additional 48,891,984 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Copart by 96.8% in the third quarter. Principal Financial Group Inc. now owns 39,803,057 shares of the business services provider’s stock valued at $1,715,114,000 after buying an additional 19,576,719 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Copart by 84.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,929,180 shares of the business services provider’s stock valued at $772,568,000 after acquiring an additional 8,205,757 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Copart by 79.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,359,152 shares of the business services provider’s stock worth $748,006,000 after acquiring an additional 7,666,881 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Copart by 93.6% in the 3rd quarter. FMR LLC now owns 14,733,860 shares of the business services provider’s stock worth $634,882,000 after acquiring an additional 7,122,991 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Price Performance

NASDAQ CPRT opened at $57.24 on Thursday. The firm has a market capitalization of $55.04 billion, a price-to-earnings ratio of 41.18 and a beta of 1.22. The company has a 50 day simple moving average of $52.13 and a 200-day simple moving average of $48.65. Copart, Inc. has a 52-week low of $36.30 and a 52-week high of $57.90.

Copart (NASDAQ:CPRT) last released its earnings results 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 return on equity of 21.55% and a net margin of 33.41%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Copart, Inc. will post 1.42 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. HSBC initiated coverage on Copart in a research report on Monday, December 4th. They issued a “hold” rating and a $51.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Copart in a report on Tuesday, February 27th. They set a “neutral” rating and a $48.00 price target on the stock. Finally, StockNews.com lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.00.

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 320,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $47.04, for a total value of $15,052,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Daniel J. Englander sold 320,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.04, for a total transaction of $15,052,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 285,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,934,450. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 705,000 shares of company stock valued at $35,910,750. Insiders own 10.23% of the company’s stock.

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.