First Hawaiian Bank Grows Holdings in Copart, Inc. (NASDAQ:CPRT)

First Hawaiian Bank grew its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 17.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 49,665 shares of the business services provider's stock after acquiring an additional 7,215 shares during the period. First Hawaiian Bank's holdings in Copart were worth $2,811,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CPRT. HighPoint Advisor Group LLC increased its stake in Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock valued at $577,000 after buying an additional 175 shares during the last quarter. Sandy Spring Bank increased its position in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Copart by 3.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after acquiring an additional 184 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock valued at $4,314,000 after purchasing an additional 200 shares during the last quarter. Finally, Simmons Bank increased its position in shares of Copart by 4.4% during the 4th quarter. Simmons Bank now owns 4,728 shares of the business services provider's stock valued at $271,000 after purchasing an additional 200 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Copart Stock Performance

NASDAQ:CPRT traded down $0.39 during trading hours on Friday, reaching $51.03. The stock had a trading volume of 16,256,986 shares, compared to its average volume of 4,629,147. The stock has a 50 day simple moving average of $58.68 and a 200 day simple moving average of $58.10. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38. The stock has a market cap of $49.30 billion, a P/E ratio of 34.25 and a beta of 1.20.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. On average, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 5,003 shares of Copart stock in a transaction on Friday, April 11th. The stock was sold at an average price of $60.01, for a total value of $300,230.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold 200,000 shares of company stock worth $11,401,000 over the last quarter. 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.