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

SBI Securities Co. Ltd. bought a new position in Copart, Inc. (NASDAQ:CPRT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,762 shares of the business services provider’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new stake in Copart in the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in Copart in the 3rd quarter worth approximately $33,000. True Wealth Design LLC lifted its stake 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 worth $34,000 after purchasing an additional 608 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Copart in the 4th quarter worth approximately $54,000. Finally, Continuum Advisory LLC lifted its stake in Copart by 88.6% in the 3rd quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock worth $55,000 after purchasing an additional 452 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $54.41 on Thursday. The company’s fifty 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 one year low of $48.05 and a one year high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Copart, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction 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 document filed with the SEC, which is accessible through this link. Also, Director Diane M. Morefield sold 30,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. This represents a 60.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 315,480 shares of company stock valued at $18,007,983 in the last quarter. Insiders own 9.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Copart

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.