Copart, Inc. (CPRT) Position Lifted by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 608,158 shares of the business services provider’s stock after acquiring an additional 3,196 shares during the quarter. California Public Employees Retirement System’s holdings in Copart were worth $26,266,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado lifted its stake in shares of Copart by 3.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 42,575 shares of the business services provider’s stock worth $1,839,000 after acquiring an additional 1,265 shares in the last quarter. Sei Investments Co. raised its stake in Copart by 3.2% during the third quarter. Sei Investments Co. now owns 44,899 shares of the business services provider’s stock valued at $1,544,000 after buying an additional 1,382 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Copart by 6.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 25,164 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 1,442 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Copart by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 23,040 shares of the business services provider’s stock valued at $792,000 after buying an additional 1,778 shares in the last quarter. Finally, Comerica Bank raised its stake in Copart by 1.0% during the fourth quarter. Comerica Bank now owns 173,484 shares of the business services provider’s stock valued at $7,759,000 after buying an additional 1,782 shares in the last quarter. Institutional investors and hedge funds own 77.81% of the company’s stock.

Several analysts have issued reports on CPRT shares. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, November 21st. BidaskClub cut Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Stephens upgraded Copart from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their price objective on Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, November 24th. Finally, Gabelli restated a “hold” rating on shares of Copart in a research note on Friday, November 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Copart has a consensus rating of “Hold” and an average target price of $44.33.

In other news, Director Daniel J. Englander sold 68,004 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $43.38, for a total transaction of $2,950,013.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matt Blunt sold 116,667 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Shares of Copart, Inc. (CPRT) opened at $46.47 on Monday. The stock has a market capitalization of $10,750.00, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.51 and a beta of 1.12. Copart, Inc. has a one year low of $28.44 and a one year high of $46.62. The company has a current ratio of 2.26, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46.

Copart (NASDAQ:CPRT) last posted its earnings results on Tuesday, November 21st. The business services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. The company had revenue of $419.17 million during the quarter, compared to analyst estimates of $377.37 million. Copart had a return on equity of 27.20% and a net margin of 18.50%. During the same period in the prior year, the company earned $0.29 earnings per share. equities research analysts expect that Copart, Inc. will post 1.52 EPS for the current fiscal year.

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Copart Company Profile

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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