SBI Securities Co. Ltd. Makes New $273,000 Investment in Copart, Inc. (NASDAQ:CPRT)

SBI Securities Co. Ltd. purchased a new position in Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,762 shares of the business services provider’s stock, valued at approximately $273,000.

A number of other large investors have also added to or reduced their stakes in CPRT. Chicago Partners Investment Group LLC bought a new stake in Copart in the 3rd quarter worth $319,000. Van ECK Associates Corp grew its holdings in Copart by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 165,665 shares of the business services provider’s stock worth $8,509,000 after acquiring an additional 16,426 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Copart by 10.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 46,488 shares of the business services provider’s stock worth $2,436,000 after purchasing an additional 4,225 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Copart by 2.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 425,564 shares of the business services provider’s stock valued at $22,300,000 after purchasing an additional 9,143 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Copart by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 108,880 shares of the business services provider’s stock valued at $5,705,000 after purchasing an additional 6,146 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Also, Director Matt Blunt sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold 315,480 shares of company stock valued at $18,007,983 over the last quarter. Corporate insiders own 9.68% of the company’s stock.

Copart Trading Up 0.3 %

Shares of CPRT opened at $54.41 on Thursday. The firm’s 50-day moving average price is $57.45 and its 200-day moving average price is $55.96. The firm has a market capitalization of $52.57 billion, a price-to-earnings ratio of 36.52 and a beta of 1.30. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm 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%. On average, research analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

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.