SG Americas Securities LLC Has $26.43 Million Holdings in Copart, Inc. $CPRT

SG Americas Securities LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2,826.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 675,048 shares of the business services provider’s stock after purchasing an additional 651,977 shares during the quarter. SG Americas Securities LLC owned 0.07% of Copart worth $26,428,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Copart during the second quarter worth approximately $549,448,000. AQR Capital Management LLC raised its holdings in Copart by 298.2% in the 3rd quarter. AQR Capital Management LLC now owns 4,887,359 shares of the business services provider’s stock valued at $217,243,000 after acquiring an additional 3,660,031 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Copart by 2,266.7% during the 3rd quarter. Van ECK Associates Corp now owns 3,689,003 shares of the business services provider’s stock valued at $165,895,000 after acquiring an additional 3,533,133 shares during the period. Akre Capital Management LLC lifted its position in shares of Copart by 253.1% during the 3rd quarter. Akre Capital Management LLC now owns 4,236,760 shares of the business services provider’s stock valued at $190,527,000 after acquiring an additional 3,036,760 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Copart by 75.2% during the 2nd quarter. First Trust Advisors LP now owns 6,579,404 shares of the business services provider’s stock worth $322,851,000 after purchasing an additional 2,824,991 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CPRT has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Copart in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Copart from $45.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. CJS Securities raised shares of Copart to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research cut shares of Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, Barclays reaffirmed an “underweight” rating and set a $32.00 price target (down from $33.00) on shares of Copart in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Copart currently has a consensus rating of “Hold” and an average price target of $44.40.

Copart Stock Performance

Copart stock opened at $33.03 on Friday. Copart, Inc. has a 52 week low of $32.20 and a 52 week high of $63.85. The stock has a market capitalization of $31.82 billion, a P/E ratio of 20.64 and a beta of 1.09. The stock has a fifty day moving average of $37.57 and a 200-day moving average of $40.51.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, February 19th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Copart had a net margin of 33.76% and a return on equity of 16.68%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $0.40 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 25,137 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $40.17, for a total value of $1,009,753.29. Following the sale, the chief executive officer directly owned 55,970 shares in the company, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.60% of the company’s stock.

Copart Company Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.