Copart, Inc. (NASDAQ:CPRT) Stake Lifted by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 46.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,089 shares of the business services provider’s stock after purchasing 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 institutional investors and hedge funds also recently modified their holdings of the company. Sandy Spring Bank grew its stake in shares of Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Quarry LP bought a new position in shares of Copart in the third quarter worth $29,000. True Wealth Design LLC grew its stake in shares of Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares in the last quarter. Curio Wealth LLC bought a new position in shares of Copart in the fourth quarter worth $52,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Copart in the fourth quarter worth $54,000. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, Argus lowered Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Copart Stock Down 0.4 %

Shares of Copart stock opened at $53.63 on Friday. The firm has a market cap of $51.81 billion, a price-to-earnings ratio of 35.99 and a beta of 1.30. The business has a fifty day simple moving average of $56.43 and a 200-day simple moving average of $56.01. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Insiders sold a total of 415,480 shares of company stock worth $23,407,983 over the last 90 days. 9.68% of the stock is currently owned by company insiders.

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.