Banco Bilbao Vizcaya Argentaria S.A. Boosts Holdings in Copart, Inc. $CPRT

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 23.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,225 shares of the business services provider’s stock after purchasing an additional 14,107 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Copart were worth $3,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Copart in the first quarter worth about $267,723,000. Fiera Capital Corp lifted its holdings in Copart by 75.3% in the second quarter. Fiera Capital Corp now owns 7,000,430 shares of the business services provider’s stock valued at $343,511,000 after acquiring an additional 3,007,820 shares during the period. PineStone Asset Management Inc. boosted its position in Copart by 56.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 6,407,471 shares of the business services provider’s stock worth $314,415,000 after purchasing an additional 2,310,067 shares in the last quarter. Amundi grew its stake in shares of Copart by 32.5% during the 1st quarter. Amundi now owns 9,380,026 shares of the business services provider’s stock worth $531,256,000 after purchasing an additional 2,299,192 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Copart by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 104,263,922 shares of the business services provider’s stock valued at $5,900,295,000 after purchasing an additional 2,134,890 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at $1,403,360.28. This represents a 43.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The SEC filing for this sale provides additional information. 9.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPRT has been the topic of a number of recent analyst reports. HSBC set a $62.00 price target on shares of Copart and gave the stock a “buy” rating in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Barclays set a $32.00 price target on Copart in a report on Tuesday. Finally, Stephens dropped their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.00.

Copart Trading Down 1.3%

CPRT stock opened at $41.08 on Friday. Copart, Inc. has a 12-month low of $39.58 and a 12-month high of $64.38. The business’s 50-day moving average is $44.48 and its 200 day moving average is $48.57. The stock has a market cap of $39.76 billion, a price-to-earnings ratio of 25.68 and a beta of 1.06.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, equities analysts forecast that Copart, Inc. will post 1.57 EPS 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.