Strs Ohio Sells 26,133 Shares of Copart, Inc. (NASDAQ:CPRT)

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Strs Ohio lessened its holdings in Copart, Inc. (NASDAQ:CPRT) by 64.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,132 shares of the business services provider’s stock after selling 26,133 shares during the quarter. Strs Ohio’s holdings in Copart were worth $1,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. FMR LLC grew its position in shares of Copart by 17.2% during the 1st quarter. FMR LLC now owns 7,226,373 shares of the business services provider’s stock worth $437,846,000 after buying an additional 1,059,798 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Copart by 14.8% during the 1st quarter. Wells Fargo & Company MN now owns 3,762,177 shares of the business services provider’s stock worth $227,951,000 after buying an additional 483,889 shares in the last quarter. Blair William & Co. IL grew its position in shares of Copart by 49.5% during the 1st quarter. Blair William & Co. IL now owns 848,458 shares of the business services provider’s stock worth $51,408,000 after buying an additional 280,915 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Copart by 1,572.8% during the 2nd quarter. WINTON GROUP Ltd now owns 288,327 shares of the business services provider’s stock worth $21,550,000 after buying an additional 271,091 shares in the last quarter. Finally, Wafra Inc. bought a new position in shares of Copart during the 1st quarter worth $15,691,000. 83.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ CPRT opened at $76.29 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. The stock has a market cap of $17.33 billion, a PE ratio of 44.10, a P/E/G ratio of 1.51 and a beta of 0.82. Copart, Inc. has a 1-year low of $44.61 and a 1-year high of $79.74. The stock’s fifty day moving average is $76.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, May 22nd. The business services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $553.12 million during the quarter, compared to analysts’ expectations of $535.62 million. Copart had a return on equity of 31.33% and a net margin of 28.12%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. Analysts predict that Copart, Inc. will post 2.21 EPS for the current year.

In other Copart news, insider William E. Franklin sold 8,993 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $75.01, for a total value of $674,564.93. Following the completion of the sale, the insider now directly owns 26,960 shares in the company, valued at $2,022,269.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO A Jayson Adair sold 179,461 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $74.54, for a total value of $13,377,022.94. The disclosure for this sale can be found here. Insiders have sold a total of 423,458 shares of company stock valued at $31,198,755 over the last 90 days. 15.99% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on CPRT. Zacks Investment Research raised Copart from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, May 27th. SunTrust Banks increased their price target on Copart to $78.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Barrington Research restated a “hold” rating on shares of Copart in a research note on Friday, May 24th. BidaskClub cut Copart from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Guggenheim cut Copart from a “buy” rating to a “neutral” rating and set a $67.07 price objective for the company. in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.77.

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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