Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,089 shares of the business services provider's stock after acquiring an additional 26,305 shares during the quarter. Mizuho Securities USA LLC's holdings in Copart were worth $4,768,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Independent Solutions Wealth Management LLC lifted its position in Copart by 1.9% in the 4th quarter. Independent Solutions Wealth Management LLC now owns 67,900 shares of the business services provider's stock worth $3,897,000 after buying an additional 1,286 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Copart by 5.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 245,184 shares of the business services provider's stock worth $14,069,000 after purchasing an additional 12,206 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Copart by 4.0% during the fourth quarter. Whittier Trust Co. now owns 495,804 shares of the business services provider's stock worth $28,449,000 after purchasing an additional 18,988 shares during the last quarter. Teacher Retirement System of Texas raised its position in Copart by 10.7% in the 4th quarter. Teacher Retirement System of Texas now owns 51,138 shares of the business services provider's stock worth $2,935,000 after purchasing an additional 4,949 shares during the last quarter. Finally, Sandy Spring Bank boosted its stake in shares of Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Separately, Argus downgraded Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Insider Transactions at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the company's stock in a transaction dated Monday, January 6th. The shares were 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 business's stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 three months, insiders have sold 385,480 shares of company stock valued at $21,667,683. Insiders own 9.68% of the company's stock.

Copart Stock Performance

CPRT traded up $0.57 during mid-day trading on Thursday, reaching $55.64. 4,858,945 shares of the stock were exchanged, compared to its average volume of 4,014,583. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The company has a 50 day moving average price of $56.38 and a two-hundred day moving average price of $56.10. The stock has a market capitalization of $53.75 billion, a PE ratio of 37.34 and a beta of 1.30.

Copart (NASDAQ:CPRT - Get Free Report) 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal 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.