Copart, Inc. (NASDAQ:CPRT) Shares Purchased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,147 shares of the business services provider's stock after purchasing an additional 74,874 shares during the quarter. State of Tennessee Department of Treasury's holdings in Copart were worth $22,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. HighPoint Advisor Group LLC boosted its holdings in Copart by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 9,747 shares of the business services provider's stock worth $577,000 after acquiring an additional 175 shares during the period. Sandy Spring Bank lifted 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 in the last quarter. Lindbrook Capital LLC grew its holdings in Copart by 3.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider's stock valued at $345,000 after purchasing an additional 184 shares in the last quarter. Everpar Advisors LLC increased its stake in Copart by 4.3% during the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider's stock worth $276,000 after buying an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Copart by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider's stock worth $4,314,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Performance

Shares of CPRT stock traded down $0.91 during trading hours on Monday, hitting $59.99. 951,283 shares of the company were exchanged, compared to its average volume of 4,408,068. The stock has a market capitalization of $57.96 billion, a price-to-earnings ratio of 40.31 and a beta of 1.22. Copart, Inc. has a one year low of $48.05 and a one year high of $64.38. The business's 50-day simple moving average is $56.34 and its two-hundred day simple moving average is $57.15.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Argus lowered Copart from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

Insiders Place Their Bets

In other news, Director Steven D. Cohan sold 5,003 shares of Copart 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Meeks sold 100,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 200,000 shares of company stock valued at $11,401,000 over the last 90 days. 9.68% of the stock is owned by company 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.