SCHEDULE 13G/A: BlackRock Discloses 6.0% Passive Stake in Copart Inc.
Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 6.0% passive beneficial ownership stake in Copart Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 58,210,940 shares of Copart Inc. common stock.
- This ownership represents 6.0% of Copart Inc.'s total outstanding common stock.
- BlackRock holds sole voting power over 52,061,657 shares and sole dispositive power over 58,210,940 shares.
- The filing, an Amendment No. 12 to a previous Schedule 13G, confirms that the securities were acquired and are held in the ordinary course of business.
- BlackRock certifies that the shares are not held for the purpose of or with the effect of changing or influencing the control of Copart Inc.
Sentiment
Score: 5
Explanation: Neutral. This is a routine regulatory filing disclosing a passive ownership stake, providing no new positive or negative operational or financial information about the issuer.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding Copart Inc.'s future performance or outlook.
Industry Context
This filing is a routine regulatory disclosure for a large institutional asset manager like BlackRock, indicating its passive ownership stake in a publicly traded company. It reflects BlackRock's investment activities across its various funds and managed accounts, rather than specific industry trends for Copart Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake in Copart Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was revoked by the new Power of Attorney. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which required the filing of this Schedule 13G statement. |
| 2025-04-17 | Date of filing of this Schedule 13G Amendment No. 12. |
Keywords
BlackRock, Copart Inc., Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing, Ownership Disclosure
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