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

SG Americas Securities LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 20.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,015 shares of the business services provider’s stock after acquiring an additional 17,561 shares during the quarter. SG Americas Securities LLC’s holdings in Copart were worth $5,969,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPRT. AE Wealth Management LLC acquired a new position in shares of Copart during the second quarter worth $521,000. Thrivent Financial for Lutherans lifted its holdings in Copart by 267.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 144,522 shares of the business services provider’s stock worth $7,827,000 after buying an additional 105,181 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Copart by 68.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 34,840 shares of the business services provider’s stock worth $1,887,000 after acquiring an additional 14,158 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Copart by 16.2% during the 2nd quarter. APG Asset Management N.V. now owns 717,870 shares of the business services provider’s stock worth $36,277,000 after acquiring an additional 100,334 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new position in shares of Copart in the 2nd quarter valued at about $258,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Copart

In other news, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the sale, the director now directly owns 7,850 shares of the company’s stock, valued at approximately $485,601. This represents a 91.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 in the last 90 days. 9.68% of the stock is owned by insiders.

Copart Price Performance

Shares of CPRT opened at $57.70 on Friday. Copart, Inc. has a 1-year low of $47.73 and a 1-year high of $64.38. The stock has a market cap of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33. The firm has a fifty day moving average price of $59.10 and a 200 day moving average price of $54.82.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price target on 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.