SG Americas Securities LLC Has $28.60 Million Stock Holdings in Copart, Inc. $CPRT

SG Americas Securities LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 861,515 shares of the business services provider’s stock after acquiring an additional 186,467 shares during the quarter. SG Americas Securities LLC’s holdings in Copart were worth $28,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after buying an additional 6,817 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Copart by 365.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock worth $63,000 after acquiring an additional 878 shares in the last quarter. Jump Financial LLC bought a new position in Copart during the second quarter worth about $2,677,000. Sei Investments Co. grew its stake in Copart by 110.0% in the second quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock valued at $44,179,000 after acquiring an additional 471,571 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Copart by 3.5% in the second quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock worth $20,270,000 after acquiring an additional 13,860 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey Liaw sold 26,213 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $33.18, for a total transaction of $869,747.34. Following the completion of the transaction, the chief executive officer directly owned 79,532 shares in the company, valued at $2,638,871.76. This represents a 24.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CPRT. Zacks Research raised Copart from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group set a $45.00 target price on Copart in a research note on Friday, May 22nd. Finally, Weiss Ratings downgraded shares of Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.50.

Copart Stock Up 0.4%

Shares of CPRT stock opened at $29.60 on Wednesday. Copart, Inc. has a 12 month low of $29.41 and a 12 month high of $50.11. The company’s fifty day simple moving average is $32.42 and its 200-day simple moving average is $35.74. The firm has a market cap of $27.40 billion, a PE ratio of 18.39 and a beta of 1.00.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Copart had a net margin of 33.48% and a return on equity of 16.63%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Copart, Inc. will post 1.58 earnings per share for the current fiscal year.

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.