Mizuho Securities USA LLC Has $3.97 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Key Points

• Mizuho Securities USA LLC reduced its stake in Copart, Inc. by 15.5%, now holding 70,206 shares valued at approximately $3.97 million after selling 12,883 shares in the first quarter.
• Various institutional investors have increased their stakes in Copart, with Fiera Capital growing its holdings by 195.6%, indicating strong institutional interest in the company.
• CEO Jeffrey Liaw sold 24,088 shares at an average price of $46.43, which represented a 43.31% decrease in his ownership position, leaving him with 31,527 shares valued at around $1.46 million.

Mizuho Securities USA LLC decreased its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 15.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 70,206 shares of the business services provider's stock after selling 12,883 shares during the period. Mizuho Securities USA LLC's holdings in Copart were worth $3,973,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Fiera Capital Corp boosted its stake in shares of Copart by 195.6% during the first quarter. Fiera Capital Corp now owns 3,992,610 shares of the business services provider's stock valued at $225,942,000 after acquiring an additional 2,642,100 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Copart by 2.1% during the first quarter. Vanguard Group Inc. now owns 104,263,922 shares of the business services provider's stock valued at $5,900,295,000 after acquiring an additional 2,134,890 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Copart by 15.9% during the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider's stock worth $868,417,000 after buying an additional 2,106,656 shares during the period. Principal Financial Group Inc. lifted its position in Copart by 3.3% during the first quarter. Principal Financial Group Inc. now owns 39,409,377 shares of the business services provider's stock worth $2,230,177,000 after buying an additional 1,249,687 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Copart by 6,774.3% during the 1st quarter. GAMMA Investing LLC now owns 1,151,720 shares of the business services provider's stock valued at $65,176,000 after buying an additional 1,134,966 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jeffrey Liaw sold 24,088 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $46.43, for a total value of $1,118,405.84. Following the sale, the chief executive officer owned 31,527 shares of the company's stock, valued at approximately $1,463,798.61. The trade was a 43.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.68% of the stock is owned by insiders.

Copart Stock Up 1.1%

Copart stock traded up $0.51 during mid-day trading on Tuesday, hitting $47.20. 5,768,726 shares of the company's stock traded hands, compared to its average volume of 6,961,427. The firm has a 50 day moving average price of $47.73 and a 200 day moving average price of $54.07. The company has a market cap of $45.64 billion, a PE ratio of 31.05 and a beta of 1.04. Copart, Inc. has a one year low of $45.05 and a one year high of $64.38.

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

Analysts Set New Price Targets

CPRT has been the topic of several research reports. Stephens began coverage on shares of Copart in a report on Tuesday, July 8th. They issued an "equal weight" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective 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 target price on Copart from $64.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, July 17th.

About Copart

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.