Copart, Inc. (NASDAQ:CPRT) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama raised its stake in Copart, Inc. (NASDAQ:CPRT) by 110.7% during the second quarter, Holdings Channel reports. The institutional investor owned 505,031 shares of the business services provider’s stock after buying an additional 265,342 shares during the period. Retirement Systems of Alabama’s holdings in Copart were worth $16,055,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CPRT. Legacy Private Trust Co. boosted its position in Copart by 53.8% in the first quarter. Legacy Private Trust Co. now owns 42,377 shares of the business services provider’s stock valued at $2,624,000 after buying an additional 14,828 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Copart during the first quarter valued at about $474,000. BKD Wealth Advisors LLC purchased a new position in shares of Copart during the first quarter valued at about $289,000. Americafirst Capital Management LLC purchased a new position in shares of Copart during the first quarter valued at about $497,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Copart by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 25,800 shares of the business services provider’s stock valued at $1,598,000 after buying an additional 600 shares in the last quarter. 42.25% of the stock is owned by institutional investors and hedge funds.
Copart, Inc. (CPRT) opened at 31.08 on Tuesday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 17.93 and a beta of 1.22. Copart, Inc. has a 52 week low of $24.71 and a 52 week high of $32.17. The company’s 50-day moving average price is $31.40 and its 200 day moving average price is $43.12.
Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, May 24th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $373.90 million during the quarter, compared to the consensus estimate of $386.61 million. Copart had a net margin of 29.10% and a return on equity of 33.20%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. On average, analysts predict that Copart, Inc. will post $1.25 EPS for the current year.
CPRT has been the topic of several research reports. Jefferies Group LLC restated a “hold” rating and set a $30.00 price target on shares of Copart in a research note on Tuesday, April 18th. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Copart currently has a consensus rating of “Hold” and a consensus price target of $48.80.
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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