Copart, Inc. (CPRT) Position Lifted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in Copart, Inc. (NASDAQ:CPRT) by 85.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,200 shares of the business services provider’s stock after buying an additional 19,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Copart were worth $1,342,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. bought a new position in shares of Copart during the 2nd quarter valued at about $100,000. Parallel Advisors LLC boosted its holdings in shares of Copart by 115.6% during the 1st quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,327 shares during the last quarter. Smithfield Trust Co. boosted its holdings in shares of Copart by 104.8% during the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 2,749 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Copart by 136.5% during the 2nd quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 3,249 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new position in shares of Copart during the 2nd quarter valued at about $200,000. 79.74% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Copart, Inc. (CPRT) Position Lifted by Teachers Retirement System of The State of Kentucky” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/08/copart-inc-cprt-position-lifted-by-teachers-retirement-system-of-the-state-of-kentucky.html.

Several research analysts have commented on CPRT shares. Zacks Investment Research downgraded shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $33.00 price objective on shares of Copart in a report on Thursday, July 6th. Robert W. Baird increased their price objective on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Finally, CJS Securities reissued an “outperform” rating and set a $42.00 price objective on shares of Copart in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.33.

Copart, Inc. (CPRT) opened at 35.24 on Friday. The firm’s 50 day moving average is $33.03 and its 200 day moving average is $34.71. The company has a market cap of $8.13 billion, a P/E ratio of 21.23 and a beta of 1.19. Copart, Inc. has a 12-month low of $28.89 and a 12-month high of $63.14.

Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million for the quarter, compared to analyst estimates of $355.42 million. Copart had a net margin of 27.23% and a return on equity of 31.83%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. Equities research analysts anticipate that Copart, Inc. will post $1.43 EPS for the current fiscal year.

In related news, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the transaction, the president now directly owns 47,660 shares in the company, valued at $1,635,691.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the trans

Other institutional investors have also recently modified their holdings of the company. Winslow Evans & Crocker Inc. bought a new position in shares of Copart during the 2nd quarter valued at about $100,000. Parallel Advisors LLC boosted its holdings in shares of Copart by 115.6% during the 1st quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,327 shares during the last quarter. Smithfield Trust Co. boosted its holdings in shares of Copart by 104.8% during the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 2,749 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Copart by 136.5% during the 2nd quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 3,249 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new position in shares of Copart during the 2nd quarter valued at about $200,000. 79.74% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Copart, Inc. (CPRT) Position Lifted by Teachers Retirement System of The State of Kentucky” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/08/copart-inc-cprt-position-lifted-by-teachers-retirement-system-of-the-state-of-kentucky.html.

Several research analysts have commented on CPRT shares. Zacks Investment Research downgraded shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $33.00 price objective on shares of Copart in a report on Thursday, July 6th. Robert W. Baird increased their price objective on shares of Copart from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Finally, CJS Securities reissued an “outperform” rating and set a $42.00 price objective on shares of Copart in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.33.

Copart, Inc. (CPRT) opened at 35.24 on Friday. The firm’s 50 day moving average is $33.03 and its 200 day moving average is $34.71. The company has a market cap of $8.13 billion, a P/E ratio of 21.23 and a beta of 1.19. Copart, Inc. has a 12-month low of $28.89 and a 12-month high of $63.14.

Copart (NASDAQ:CPRT) last announced its earnings results on Tuesday, September 19th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $378.60 million for the quarter, compared to analyst estimates of $355.42 million. Copart had a net margin of 27.23% and a return on equity of 31.83%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. Equities research analysts anticipate that Copart, Inc. will post $1.43 EPS for the current fiscal year.

In related news, President Vincent W. Mitz sold 200,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $34.32, for a total transaction of $6,864,000.00. Following the transaction, the president now directly owns 47,660 shares in the company, valued at $1,635,691.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Meeks sold 160,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $34.33, for a total transaction of $5,492,800.00. Following the transaction, the director now owns 3,500 shares in the company, valued at $120,155. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.

Copart Profile

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.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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