State Board of Administration of Florida Retirement System lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,102 shares of the business services provider’s stock after selling 2,100 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.14% of Copart worth $11,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in Copart by 2.6% in the second quarter. Parallel Advisors LLC now owns 4,451 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 111 shares during the period. Aperio Group LLC lifted its position in Copart by 0.8% in the second quarter. Aperio Group LLC now owns 113,214 shares of the business services provider’s stock valued at $3,599,000 after purchasing an additional 926 shares during the period. Atria Investments LLC lifted its position in Copart by 30.0% in the second quarter. Atria Investments LLC now owns 6,418 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 1,480 shares during the period. Virginia Retirement Systems ET AL lifted its position in Copart by 8.2% in the second quarter. Virginia Retirement Systems ET AL now owns 22,400 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 1,700 shares during the period. Finally, Navellier & Associates Inc lifted its position in Copart by 9.9% in the second quarter. Navellier & Associates Inc now owns 19,916 shares of the business services provider’s stock valued at $633,000 after purchasing an additional 1,801 shares during the period. 79.44% of the stock is currently owned by hedge funds and other institutional investors.

In related news, President Vincent W. Mitz sold 200,000 shares of Copart stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the completion of the transaction, the president now directly owns 47,660 shares in the company, valued at approximately $1,635,691.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Meeks sold 160,000 shares of Copart stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $34.33, for a total value of $5,492,800.00. Following the transaction, the director now owns 3,500 shares of the company’s stock, valued at $120,155. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on CPRT shares. Wolfe Research started coverage on shares of Copart in a research report on Tuesday, November 7th. They issued a “market perform” rating for the company. CJS Securities reiterated an “outperform” rating and set a $42.00 price target on shares of Copart in a research report on Thursday, October 5th. Robert W. Baird lifted their price target on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $37.33.

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Shares of Copart, Inc. (NASDAQ CPRT) opened at $35.85 on Friday. Copart, Inc. has a 12-month low of $26.41 and a 12-month high of $36.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.91 and a current ratio of 1.94. The stock has a market cap of $8,286.83, a P/E ratio of 27.68, a PEG ratio of 1.33 and a beta of 1.24.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. Copart had a net margin of 27.23% and a return on equity of 31.83%. The company had revenue of $378.60 million during the quarter, compared to the consensus estimate of $355.42 million. During the same period last year, the firm earned $0.31 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. sell-side analysts anticipate that Copart, Inc. will post 1.41 earnings per share for the current year.

About Copart

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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