New Mexico Educational Retirement Board Sells 1,100 Shares of Copart, Inc. (NASDAQ:CPRT)

New Mexico Educational Retirement Board lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,700 shares of the business services provider’s stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Copart were worth $2,393,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. V Square Quantitative Management LLC boosted its position in shares of Copart by 6.0% during the 4th quarter. V Square Quantitative Management LLC now owns 14,712 shares of the business services provider’s stock valued at $844,000 after acquiring an additional 832 shares during the last quarter. Sunburst Financial Group LLC purchased a new position in shares of Copart during the 4th quarter valued at about $204,000. Buckhead Capital Management LLC raised its holdings in shares of Copart by 2.3% during the 4th quarter. Buckhead Capital Management LLC now owns 14,299 shares of the business services provider’s stock valued at $821,000 after buying an additional 318 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Copart by 2.3% during the 4th quarter. Avestar Capital LLC now owns 24,207 shares of the business services provider’s stock valued at $1,389,000 after buying an additional 533 shares in the last quarter. Finally, One Plus One Wealth Management LLC raised its holdings in shares of Copart by 23.8% during the 4th quarter. One Plus One Wealth Management LLC now owns 5,930 shares of the business services provider’s stock valued at $340,000 after buying an additional 1,141 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Copart news, Chairman A Jayson Adair sold 251,423 shares of Copart stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. The trade was a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of Copart stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $61.86, for a total value of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at $485,601. This trade represents a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,213 shares of company stock valued at $39,199,813 in the last ninety days. Company insiders own 9.68% of the company’s stock.

Copart Trading Down 0.7 %

Shares of NASDAQ CPRT opened at $59.39 on Friday. The stock’s 50-day moving average is $58.29 and its 200 day moving average is $55.43. The stock has a market cap 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.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 21st. The business services provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal 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.