Copart, Inc. (NASDAQ:CPRT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 663,094 shares of the business services provider's stock after selling 38,503 shares during the period. New York State Teachers Retirement System owned about 0.07% of Copart worth $37,524,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CPRT. Sandy Spring Bank increased its position in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after acquiring an additional 176 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Copart in the 4th quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Copart in the fourth quarter valued at about $45,000. Versant Capital Management Inc lifted its position in Copart by 1,567.9% during the 1st quarter. Versant Capital Management Inc now owns 884 shares of the business services provider's stock worth $50,000 after acquiring an additional 831 shares during the period. Finally, Curio Wealth LLC acquired a new stake in shares of Copart during the fourth quarter worth $52,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on CPRT. JPMorgan Chase & Co. reduced their target price on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Argus downgraded Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

Copart Trading Up 0.4%

Shares of NASDAQ CPRT traded up $0.22 on Thursday, reaching $49.30. 3,328,996 shares of the company traded hands, compared to its average volume of 4,863,478. The stock has a market capitalization of $47.67 billion, a PE ratio of 32.43 and a beta of 1.07. Copart, Inc. has a fifty-two week low of $47.33 and a fifty-two week high of $64.38. The company has a 50 day moving average of $54.77 and a 200 day moving average of $56.25.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a net margin of 32.21% and a return on equity of 18.20%. Copart's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Insider Transactions at Copart

In other Copart news, Director Steven D. Cohan sold 94,997 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.68% of the stock is currently owned by corporate insiders.

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.