Nomura Holdings Inc. Purchases 13,436 Shares of Copart, Inc. (NASDAQ:CPRT)

Nomura Holdings Inc. raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 16.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 96,013 shares of the business services provider’s stock after buying an additional 13,436 shares during the quarter. Nomura Holdings Inc.’s holdings in Copart were worth $5,510,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CPRT. Vanguard Group Inc. raised its stake in shares of Copart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 102,129,032 shares of the business services provider’s stock valued at $5,861,185,000 after acquiring an additional 976,909 shares during the period. Edgewood Management LLC raised its holdings in shares of Copart by 14.1% in the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider’s stock valued at $1,346,548,000 after purchasing an additional 2,907,405 shares in the last quarter. Capital World Investors lifted its holdings in Copart by 0.8% during the fourth quarter. Capital World Investors now owns 21,353,932 shares of the business services provider’s stock worth $1,225,502,000 after buying an additional 169,354 shares during the period. Bank of New York Mellon Corp boosted its position in Copart by 23.3% during the fourth quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock valued at $1,115,664,000 after purchasing an additional 3,667,534 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Copart by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 19,172,603 shares of the business services provider’s stock worth $1,097,153,000 after buying an additional 408,677 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Trading Up 0.9%

Shares of NASDAQ:CPRT opened at $62.97 on Friday. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The company’s 50 day moving average is $57.97 and its 200 day moving average is $57.88. The company has a market cap of $60.83 billion, a PE ratio of 42.26 and a beta of 1.20.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Argus downgraded Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Insider Transactions at Copart

In other news, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven D. Cohan sold 94,997 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $60.01, for a total transaction of $5,700,769.97. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock valued at $11,401,000 in the last ninety days. 9.68% of the stock is currently owned by corporate insiders.

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.