State of Alaska Department of Revenue trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,943 shares of the business services provider’s stock after selling 2,655 shares during the period. State of Alaska Department of Revenue’s holdings in Copart were worth $3,389,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CPRT. CSat Investment Advisory L.P. lifted its position in shares of Copart by 120.4% during the 4th quarter. CSat Investment Advisory L.P. now owns 518 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 283 shares during the period. Doyle Wealth Management acquired a new stake in shares of Copart during the 4th quarter valued at approximately $29,000. Lindbrook Capital LLC acquired a new stake in shares of Copart during the 4th quarter valued at approximately $41,000. First Personal Financial Services lifted its position in shares of Copart by 142.6% during the 4th quarter. First Personal Financial Services now owns 1,368 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 804 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Copart by 2,981.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,084,103 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 2,984,019 shares during the period. Institutional investors own 85.26% of the company’s stock.

Shares of Copart stock opened at $65.37 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.61. Copart, Inc. has a 1 year low of $44.61 and a 1 year high of $67.08. The company has a market cap of $14.92 billion, a P/E ratio of 37.79, a P/E/G ratio of 1.51 and a beta of 0.95.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, February 20th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Copart had a return on equity of 30.20% and a net margin of 25.75%. The firm had revenue of $484.90 million during the quarter, compared to the consensus estimate of $488.54 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts forecast that Copart, Inc. will post 2.15 EPS for the current fiscal year.

CPRT has been the subject of several research reports. ValuEngine upgraded Copart from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded Copart from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, March 11th. SunTrust Banks lifted their price objective on Copart to $67.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Barrington Research restated a “hold” rating on shares of Copart in a research report on Tuesday, February 19th. Finally, BidaskClub upgraded Copart from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $59.25.

In other Copart news, Director Daniel J. Englander sold 80,000 shares of the business’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $49.53, for a total value of $3,962,400.00. Following the completion of the transaction, the director now directly owns 555,128 shares in the company, valued at approximately $27,495,489.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William E. Franklin sold 140,000 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $58.44, for a total value of $8,181,600.00. Following the completion of the transaction, the executive vice president now owns 157,967 shares of the company’s stock, valued at $9,231,591.48. The disclosure for this sale can be found here. Insiders own 15.99% of the company’s stock.

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Copart 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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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