Oregon Public Employees Retirement Fund Acquires 200 Shares of Copart, Inc. (NASDAQ:CPRT)

Oregon Public Employees Retirement Fund increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.3% during the 4th quarter, HoldingsChannel reports. The firm owned 75,170 shares of the business services provider’s stock after purchasing an additional 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Copart were worth $4,314,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Kieckhefer Group LLC acquired a new stake in Copart in the 4th quarter valued at approximately $3,962,000. Sanctuary Advisors LLC raised its position in Copart by 21.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock valued at $2,765,000 after buying an additional 9,222 shares during the last quarter. Geode Capital Management LLC raised its position in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after buying an additional 291,580 shares during the last quarter. Kinsale Capital Group Inc. raised its position in Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after buying an additional 13,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Copart in the 3rd quarter valued at approximately $1,206,000. Institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

Copart Stock Performance

Shares of Copart stock opened at $56.27 on Thursday. The business’s 50 day simple moving average is $57.75 and its 200 day simple moving average is $55.82. Copart, Inc. has a 52-week low of $48.05 and a 52-week high of $64.38. The firm has a market cap of $54.22 billion, a PE ratio of 37.77 and a beta of 1.33.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. As a group, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 398,790 shares of company stock valued at $23,161,540 in the last 90 days. 9.68% of the stock is currently owned by insiders.

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.