Nomura Holdings Inc. reduced its stake in Copart Inc. (NASDAQ:CPRT) by 47.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,701 shares of the company’s stock after selling 5,097 shares during the period. Nomura Holdings Inc.’s holdings in Copart were worth $278,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. acquired a new position in shares of Copart during the second quarter worth $143,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Copart during the second quarter worth $201,000. Mackenzie Financial Corp acquired a new position in shares of Copart during the second quarter worth $201,000. Highbridge Capital Management LLC acquired a new position in shares of Copart during the second quarter worth $206,000. Finally, Ancora Inverness LLC acquired a new position in shares of Copart during the first quarter worth $207,000. 83.65% of the stock is owned by hedge funds and other institutional investors.
Copart Inc. (NASDAQ:CPRT) opened at 53.02 on Friday. Copart Inc. has a 52 week low of $32.26 and a 52 week high of $54.85. The company’s 50 day moving average price is $51.65 and its 200-day moving average price is $47.28. The company has a market capitalization of $5.81 billion, a P/E ratio of 23.99 and a beta of 0.99.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Tuesday, September 20th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Copart had a return on equity of 31.42% and a net margin of 21.25%. The company had revenue of $332.70 million for the quarter. During the same period in the previous year, the business earned $0.41 EPS. Copart’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts expect that Copart Inc. will post $2.42 earnings per share for the current year.
CPRT has been the subject of a number of recent analyst reports. Zacks Investment Research raised Copart from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research report on Wednesday, August 3rd. Northcoast Research lowered Copart from a “buy” rating to a “neutral” rating in a research report on Thursday, August 25th. Barrington Research lowered shares of Copart from an “outperform” rating to a “market perform” rating in a research report on Friday, September 23rd. Susquehanna started coverage on shares of Copart in a research report on Thursday, August 25th. They set a “neutral” rating and a $53.00 price target for the company. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Copart in a research report on Thursday, August 4th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $55.57.
In related news, SVP Paul A. Styer sold 7,640 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $49.26, for a total transaction of $376,346.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert H. Vannuccini sold 12,577 shares of the firm’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $49.96, for a total value of $628,346.92. Following the sale, the senior vice president now directly owns 9,703 shares in the company, valued at approximately $484,761.88. The disclosure for this sale can be found here. Corporate insiders own 19.40% of the company’s stock.
Copart, Inc is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3).
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