Strs Ohio Purchases 21,548 Shares of Copart, Inc. $CPRT

Strs Ohio increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 9.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 244,088 shares of the business services provider’s stock after buying an additional 21,548 shares during the period. Strs Ohio’s holdings in Copart were worth $11,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GC Wealth Management RIA LLC acquired a new stake in Copart during the second quarter worth about $219,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Copart by 52.2% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 23,862 shares of the business services provider’s stock worth $1,350,000 after acquiring an additional 8,181 shares during the period. Nordea Investment Management AB lifted its position in shares of Copart by 3.5% in the 2nd quarter. Nordea Investment Management AB now owns 753,973 shares of the business services provider’s stock worth $36,153,000 after acquiring an additional 25,564 shares during the period. Private Trust Co. NA grew its holdings in shares of Copart by 16.5% during the 1st quarter. Private Trust Co. NA now owns 4,142 shares of the business services provider’s stock worth $234,000 after purchasing an additional 586 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Copart by 15.9% during the first quarter. JPMorgan Chase & Co. now owns 15,345,768 shares of the business services provider’s stock valued at $868,417,000 after purchasing an additional 2,106,656 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 1.2%

Shares of CPRT stock opened at $43.01 on Friday. Copart, Inc. has a 1 year low of $41.96 and a 1 year high of $64.38. The firm’s 50 day moving average is $45.93 and its 200-day moving average is $49.88. The firm has a market capitalization of $41.63 billion, a price-to-earnings ratio of 26.88 and a beta of 1.03.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, September 4th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. On average, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of Copart stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. The trade was a 43.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 228,840 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale is available in the SEC filing. Insiders own 9.68% of the company’s stock.

Analysts Set New Price Targets

CPRT has been the subject of several research reports. HSBC set a $62.00 target price on Copart and gave the stock a “buy” rating in a research report on Thursday, September 4th. Stephens lowered their target price on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Robert W. Baird lowered their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Copart in a research note on Wednesday, October 8th. Finally, Hsbc Global Res raised shares of Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

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.