Daiwa Securities Group Inc. Has $14.45 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Daiwa Securities Group Inc. increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 251,833 shares of the business services provider's stock after acquiring an additional 21,951 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Copart were worth $14,453,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CPRT. Quarry LP bought a new position in Copart in the 3rd quarter valued at about $29,000. Ashton Thomas Securities LLC bought a new position in Copart in the 3rd quarter valued at about $33,000. True Wealth Design LLC increased its holdings in Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock valued at $34,000 after buying an additional 608 shares during the period. Retirement Wealth Solutions LLC bought a new position in Copart in the 4th quarter valued at about $54,000. Finally, Continuum Advisory LLC increased its holdings in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider's stock valued at $55,000 after buying an additional 452 shares during the period. 85.78% of the stock is owned by institutional investors.

Copart Stock Performance

Shares of Copart stock traded up $0.09 during midday trading on Tuesday, hitting $52.91. 5,369,539 shares of the company traded hands, compared to its average volume of 4,096,591. The stock has a market cap of $51.12 billion, a price-to-earnings ratio of 35.51 and a beta of 1.30. The firm's fifty day moving average price is $56.96 and its 200-day moving average price is $56.01. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

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Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the sale, the director now owns 20,000 shares in the company, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,480 shares of company stock valued at $18,007,983. 9.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on shares of Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th.

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.