New York State Teachers Retirement System Has $40.27 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

New York State Teachers Retirement System decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 701,597 shares of the business services provider’s stock after selling 45,256 shares during the quarter. New York State Teachers Retirement System’s holdings in Copart were worth $40,265,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Optimum Investment Advisors grew its holdings in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new stake in shares of Copart in the 3rd quarter worth about $29,000. Quarry LP bought a new stake in shares of Copart in the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC bought a new stake in shares of Copart in the 3rd quarter worth about $33,000. Finally, True Wealth Design LLC grew its holdings in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock worth $34,000 after purchasing an additional 608 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.7 %

Shares of NASDAQ:CPRT opened at $59.39 on Friday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The company’s 50-day moving average price is $58.29 and its two-hundred day moving average price is $55.41. The firm has a market cap of $57.22 billion, a P/E ratio of 41.82 and a beta of 1.33.

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

Insiders Place Their Bets

In other Copart news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,160,200. This represents a 60.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 14,436,557 shares in the company, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock valued at $39,199,813 in the last 90 days. 9.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.