Copart, Inc. (NASDAQ:CPRT) Stock Position Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 479,665 shares of the business services provider’s stock after selling 7,100 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Copart were worth $23,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Citizens Bank & Trust Co. raised its position in shares of Copart by 3.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 7,729 shares of the business services provider’s stock worth $379,000 after purchasing an additional 268 shares during the period. BSW Wealth Partners increased its position in Copart by 4.1% in the 4th quarter. BSW Wealth Partners now owns 6,972 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 277 shares during the period. Manchester Capital Management LLC increased its position in Copart by 101.0% in the 3rd quarter. Manchester Capital Management LLC now owns 625 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 314 shares during the period. Bell Investment Advisors Inc increased its position in Copart by 87.1% in the 3rd quarter. Bell Investment Advisors Inc now owns 694 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 323 shares during the period. Finally, Annapolis Financial Services LLC increased its position in Copart by 100.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 720 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 360 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other Copart news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Copart news, Director Matt Blunt sold 100,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $51.06, for a total value of $5,106,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman A Jayson Adair sold 600,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total value of $34,662,000.00. Following the transaction, the chairman now directly owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock worth $55,519,950 over the last 90 days. 10.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Copart Stock Up 0.5 %

Shares of Copart stock traded up $0.29 during midday trading on Thursday, hitting $55.22. The company’s stock had a trading volume of 4,600,815 shares, compared to its average volume of 4,598,456. The firm has a market capitalization of $53.09 billion, a P/E ratio of 39.12 and a beta of 1.22. The stock has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $50.31. Copart, Inc. has a 1-year low of $38.35 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Copart had a net margin of 33.41% and a return on equity of 21.55%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Copart, Inc. will post 1.42 earnings per share for the current 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.