Copart, Inc. $CPRT Holdings Lifted by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Copart, Inc. by 18.3%, owning a total of 59,118 shares worth approximately $3.35 million as of the latest SEC filing.
• In a recent insider transaction, Copart's CEO, Jeffrey Liaw, sold 24,088 shares, reducing his ownership by 43.31%, and currently holds 31,527 shares valued at around $1.46 million.
• Copart's stock has a market capitalization of $46.10 billion, a P/E ratio of 31.37, and reported a quarterly revenue of $1.21 billion with an EPS of $0.42, meeting analysts' expectations.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 18.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,118 shares of the business services provider's stock after buying an additional 9,140 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Copart were worth $3,350,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. JT Stratford LLC acquired a new stake in Copart in the first quarter worth $1,663,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Copart in the first quarter worth $251,000. Colonial Trust Advisors acquired a new stake in Copart in the first quarter worth $93,000. Lincoln Capital LLC increased its position in Copart by 72.7% in the first quarter. Lincoln Capital LLC now owns 82,838 shares of the business services provider's stock worth $5,004,000 after buying an additional 34,884 shares during the period. Finally, Aptus Capital Advisors LLC increased its position in Copart by 13.9% in the first quarter. Aptus Capital Advisors LLC now owns 273,481 shares of the business services provider's stock worth $15,476,000 after buying an additional 33,367 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jeffrey Liaw sold 24,088 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the completion of the transaction, the chief executive officer owned 31,527 shares of the company's stock, valued at $1,463,798.61. This trade represents a 43.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CPRT. Stephens began coverage on Copart in a research report on Tuesday, July 8th. They issued an "equal weight" rating and a $50.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, Robert W. Baird decreased their price target on Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $53.33.

Copart Stock Performance

Shares of NASDAQ:CPRT traded up $1.28 on Friday, hitting $48.96. The company's stock had a trading volume of 6,224,584 shares, compared to its average volume of 5,603,549. Copart, Inc. has a 12 month low of $45.05 and a 12 month high of $64.38. The company has a market capitalization of $47.34 billion, a price-to-earnings ratio of 32.21 and a beta of 1.04. The stock's 50-day moving average is $47.34 and its two-hundred day moving average is $53.46.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

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.