New York State Teachers Retirement System Decreases Holdings in Copart, Inc. (NASDAQ:CPRT)

New York State Teachers Retirement System lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 746,853 shares of the business services provider’s stock after selling 26,190 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Copart worth $39,135,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in shares of Copart by 44.1% during the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after purchasing an additional 636,438 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Copart by 40.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 10,959 shares during the period. Motco lifted its holdings in shares of Copart by 6,085.7% in the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after acquiring an additional 10,224 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Copart during the 1st quarter worth about $3,877,000. Finally, Manning & Napier Advisors LLC bought a new position in Copart during the 2nd quarter valued at about $109,382,000. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

Copart Trading Up 0.2 %

Shares of CPRT opened at $52.30 on Thursday. The firm has a market capitalization of $50.38 billion, a P/E ratio of 36.83 and a beta of 1.27. Copart, Inc. has a 12-month low of $42.83 and a 12-month high of $58.58. The firm has a fifty day moving average price of $52.30 and a 200-day moving average price of $53.04.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. Analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

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.