New York State Teachers Retirement System Sells 45,256 Shares of Copart, Inc. (NASDAQ:CPRT)

New York State Teachers Retirement System trimmed its holdings in Copart, Inc. (NASDAQ:CPRT) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 701,597 shares of the business services provider’s stock after selling 45,256 shares during the period. New York State Teachers Retirement System owned 0.07% of Copart worth $40,265,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC grew its position in Copart by 6.0% in the fourth quarter. V Square Quantitative Management LLC now owns 14,712 shares of the business services provider’s stock worth $844,000 after acquiring an additional 832 shares in the last quarter. Sunburst Financial Group LLC acquired a new stake in shares of Copart in the fourth quarter worth $204,000. Buckhead Capital Management LLC lifted its stake in shares of Copart by 2.3% in the fourth quarter. Buckhead Capital Management LLC now owns 14,299 shares of the business services provider’s stock worth $821,000 after buying an additional 318 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of Copart by 2.3% in the fourth quarter. Avestar Capital LLC now owns 24,207 shares of the business services provider’s stock worth $1,389,000 after buying an additional 533 shares during the last quarter. Finally, One Plus One Wealth Management LLC lifted its stake in shares of Copart by 23.8% in the fourth quarter. One Plus One Wealth Management LLC now owns 5,930 shares of the business services provider’s stock worth $340,000 after buying an additional 1,141 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 in the last ninety days. 9.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Trading Down 0.7 %

Shares of Copart stock opened at $59.39 on Friday. The stock has a market capitalization of $57.22 billion, a price-to-earnings ratio of 41.82 and a beta of 1.33. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm has a fifty day simple moving average of $58.29 and a 200-day simple moving average of $55.41.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. As a group, research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

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.