Copart, Inc. (NASDAQ:CPRT) Holdings Lifted by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,298 shares of the business services provider's stock after acquiring an additional 8,346 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Copart were worth $12,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Sandy Spring Bank increased its holdings in shares of Copart by 59.5% in the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after acquiring an additional 176 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Copart during the fourth quarter valued at approximately $45,000. Curio Wealth LLC acquired a new position in shares of Copart during the fourth quarter worth approximately $52,000. Itau Unibanco Holding S.A. boosted its position in shares of Copart by 340.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock worth $53,000 after buying an additional 708 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in Copart in the 4th quarter worth approximately $54,000. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Argus downgraded Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Copart Price Performance

Shares of CPRT traded up $0.87 during midday trading on Friday, reaching $63.84. The stock had a trading volume of 4,625,053 shares, compared to its average volume of 4,401,040. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The firm's 50 day moving average price is $58.19 and its 200-day moving average price is $58.00. The company has a market capitalization of $61.68 billion, a P/E ratio of 42.85 and a beta of 1.20.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven D. Cohan sold 94,997 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,000 shares of company stock valued at $11,401,000. Corporate insiders own 9.68% of the company's stock.

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.