Copart, Inc. (NASDAQ:CPRT) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in Copart, Inc. (NASDAQ:CPRT) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,882 shares of the business services provider’s stock after buying an additional 18,923 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Copart were worth $12,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CPRT. Centaurus Financial Inc. raised its position in Copart by 20.7% in the 3rd quarter. Centaurus Financial Inc. now owns 22,117 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 3,800 shares during the last quarter. Sompo Asset Management Co. Ltd. increased its holdings in shares of Copart by 8.8% in the third quarter. Sompo Asset Management Co. Ltd. now owns 11,820 shares of the business services provider’s stock valued at $619,000 after purchasing an additional 960 shares during the period. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Copart by 2.5% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 218,959 shares of the business services provider’s stock worth $11,473,000 after purchasing an additional 5,248 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Copart by 22.9% during the third quarter. Cerity Partners LLC now owns 287,837 shares of the business services provider’s stock worth $15,083,000 after purchasing an additional 53,625 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in Copart in the 3rd quarter valued at $465,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CPRT shares. Robert W. Baird reduced their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $62.70 on Monday. Copart, Inc. has a one year low of $46.21 and a one year high of $62.90. The firm has a market capitalization of $60.40 billion, a P/E ratio of 44.15 and a beta of 1.27. The company’s fifty day moving average is $53.79 and its two-hundred day moving average is $53.18.

Copart (NASDAQ:CPRT) last issued its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, sell-side analysts forecast that Copart, Inc. will post 1.55 earnings per share for the current fiscal year.

Copart Company 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.