SG Americas Securities LLC Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

SG Americas Securities LLC grew its stake in Copart, Inc. (NASDAQ:CPRT) by 20.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,015 shares of the business services provider’s stock after purchasing an additional 17,561 shares during the period. SG Americas Securities LLC’s holdings in Copart were worth $5,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CPRT. AE Wealth Management LLC acquired a new stake in shares of Copart in the 2nd quarter worth $521,000. Thrivent Financial for Lutherans raised its stake in Copart by 267.4% during the second quarter. Thrivent Financial for Lutherans now owns 144,522 shares of the business services provider’s stock worth $7,827,000 after purchasing an additional 105,181 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Copart by 68.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 34,840 shares of the business services provider’s stock valued at $1,887,000 after buying an additional 14,158 shares during the period. APG Asset Management N.V. raised its position in shares of Copart by 16.2% during the 2nd quarter. APG Asset Management N.V. now owns 717,870 shares of the business services provider’s stock valued at $36,277,000 after buying an additional 100,334 shares during the period. Finally, Deerfield Management Company L.P. Series C acquired a new position in Copart in the second quarter valued at approximately $258,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Activity at Copart

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of the business’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 sale, the chairman now directly owns 14,436,557 shares in the company, valued at $920,907,971.03. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by company insiders.

Copart Price Performance

Shares of CPRT opened at $57.70 on Friday. The firm has a 50-day simple moving average of $59.10 and a two-hundred day simple moving average of $54.82. The stock has a market cap of $55.60 billion, a PE ratio of 40.63 and a beta of 1.33. Copart, Inc. has a 1-year low of $47.73 and a 1-year high of $64.38.

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

Wall Street Analyst Weigh In

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

Copart 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.