Copart, Inc. (NASDAQ:CPRT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in Copart, Inc. (NASDAQ:CPRT) by 11.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,376 shares of the business services provider’s stock after selling 44,037 shares during the period. Public Employees Retirement System of Ohio’s holdings in Copart were worth $20,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in Copart in the 1st quarter valued at about $28,000. Pinnacle Bancorp Inc. raised its position in Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in shares of Copart in the 1st quarter worth $36,000. Pittenger & Anderson Inc. lifted its stake in Copart by 125.8% in the first quarter. Pittenger & Anderson Inc. now owns 718 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 400 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in Copart during the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Copart stock opened at $51.69 on Tuesday. The stock has a 50-day simple moving average of $53.56 and a 200 day simple moving average of $53.37. The stock has a market capitalization of $49.74 billion, a P/E ratio of 35.95 and a beta of 1.28. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Copart had a return on equity of 20.80% and a net margin of 33.33%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm earned $0.36 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Research analysts forecast that Copart, Inc. will post 1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Copart Company 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.