Public Employees Retirement System of Ohio Has $21.74 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Public Employees Retirement System of Ohio cut its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 378,805 shares of the business services provider's stock after selling 18,896 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Copart were worth $21,740,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CPRT. Sandy Spring Bank raised 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 purchasing an additional 176 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Copart during the fourth quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Copart during the fourth quarter worth $45,000. Curio Wealth LLC acquired a new stake in shares of Copart during the fourth quarter worth $52,000. Finally, Itau Unibanco Holding S.A. raised its position in shares of Copart by 340.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 916 shares of the business services provider's stock worth $53,000 after purchasing an additional 708 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In related news, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven D. Cohan sold 5,003 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $60.01, for a total value of $300,230.03. The disclosure for this sale can be found here. Insiders have sold a total of 200,000 shares of company stock worth $11,401,000 over the last three months. Corporate insiders own 9.68% of the company's stock.

Copart Price Performance

CPRT traded down $0.63 during trading on Thursday, reaching $51.42. 7,658,479 shares of the stock traded hands, compared to its average volume of 4,593,409. The stock has a market cap of $49.68 billion, a price-to-earnings ratio of 34.51 and a beta of 1.20. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The stock's 50-day simple moving average is $58.85 and its two-hundred day simple moving average is $58.18.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $0.39 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPRT. Argus cut Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th. JPMorgan Chase & Co. decreased their target price on Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd.

About Copart

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.