Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 12.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,654,508 shares of the business services provider’s stock after acquiring an additional 189,066 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Copart were worth $86,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Wedmont Private Capital increased its holdings in shares of Copart by 3.2% in the 2nd quarter. Wedmont Private Capital now owns 17,330 shares of the business services provider’s stock valued at $963,000 after acquiring an additional 539 shares during the period. SJS Investment Consulting Inc. grew its position in Copart by 76.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 2,014 shares of the business services provider’s stock worth $109,000 after purchasing an additional 870 shares during the last quarter. ORG Partners LLC increased its stake in Copart by 1,552.5% in the second quarter. ORG Partners LLC now owns 4,280 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 4,021 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Copart by 10.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 132,811 shares of the business services provider’s stock valued at $7,193,000 after buying an additional 12,025 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC grew its holdings in shares of Copart by 4.1% during the second quarter. Epic Trust Investment Advisors LLC now owns 6,443 shares of the business services provider’s stock worth $349,000 after buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CPRT. Robert W. Baird reduced their price objective on 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. upped their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Stock Up 0.3 %

NASDAQ CPRT opened at $62.08 on Monday. The stock has a market capitalization of $59.82 billion, a P/E ratio of 43.72 and a beta of 1.31. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $64.38. The firm has a 50-day moving average price of $56.07 and a 200 day moving average price of $53.76.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.68% of the stock is currently owned by company insiders.

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.