Louisiana State Employees Retirement System Acquires Shares of 129,100 Copart, Inc. (NASDAQ:CPRT)

Louisiana State Employees Retirement System purchased a new position in Copart, Inc. (NASDAQ:CPRTFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 129,100 shares of the business services provider’s stock, valued at approximately $6,326,000.

A number of other hedge funds have also bought and sold shares of CPRT. Veritable L.P. raised its holdings in Copart by 0.9% during the first quarter. Veritable L.P. now owns 15,198 shares of the business services provider’s stock worth $1,143,000 after purchasing an additional 136 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Copart by 0.3% during the 3rd quarter. Retirement Systems of Alabama now owns 71,048 shares of the business services provider’s stock valued at $7,560,000 after acquiring an additional 189 shares in the last quarter. Hollencrest Capital Management lifted its stake in shares of Copart by 92.1% in the 1st quarter. Hollencrest Capital Management now owns 438 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Copart by 3.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,640 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 213 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of Copart by 2.6% in the 1st quarter. Simon Quick Advisors LLC now owns 9,286 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 238 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $51.06, for a total transaction of $5,106,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Thomas N. Tryforos sold 285,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $55.27, for a total transaction of $15,751,950.00. Following the completion of the transaction, the director now directly owns 35,000 shares in the company, valued at approximately $1,934,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matt Blunt sold 100,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 985,000 shares of company stock valued at $55,519,950 over the last three months. 10.23% of the stock is owned by company insiders.

Copart Stock Down 1.1 %

NASDAQ CPRT traded down $0.62 on Friday, hitting $55.38. The company’s stock had a trading volume of 3,610,042 shares, compared to its average volume of 4,138,347. The company’s 50-day moving average is $54.02 and its 200 day moving average is $49.72. Copart, Inc. has a 1-year low of $38.05 and a 1-year high of $58.58. The firm has a market cap of $53.25 billion, a PE ratio of 39.84 and a beta of 1.22.

Copart (NASDAQ:CPRTGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share. On average, equities analysts expect that Copart, Inc. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

CPRT has been the topic of a number of analyst reports. StockNews.com cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Check Out Our Latest Report on Copart

Copart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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