Teacher Retirement System of Texas Acquires 4,949 Shares of Copart, Inc. (NASDAQ:CPRT)

Teacher Retirement System of Texas boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 10.7% in the fourth quarter, HoldingsChannel reports. The firm owned 51,138 shares of the business services provider’s stock after purchasing an additional 4,949 shares during the quarter. Teacher Retirement System of Texas’ holdings in Copart were worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sandy Spring Bank lifted its stake in shares of Copart by 59.5% during the 4th quarter. Sandy Spring Bank now owns 472 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the last quarter. Cadence Bank boosted its holdings in shares of Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after acquiring an additional 178 shares during the period. Lindbrook Capital LLC grew its position in shares of Copart by 3.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,007 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 184 shares during the last quarter. Everpar Advisors LLC increased its stake in shares of Copart by 4.3% during the fourth quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock worth $276,000 after purchasing an additional 199 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Copart by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 75,170 shares of the business services provider’s stock worth $4,314,000 after purchasing an additional 200 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Argus lowered Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Insider Buying and Selling

In related news, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold 385,480 shares of company stock valued at $21,667,683 over the last quarter. 9.68% of the stock is owned by company insiders.

Copart Trading Up 1.0 %

Shares of CPRT opened at $55.59 on Wednesday. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38. The firm’s 50 day moving average is $56.40 and its 200-day moving average is $56.11. The stock has a market capitalization of $53.71 billion, a PE ratio of 37.31 and a beta of 1.30.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Copart had a return on equity of 19.31% and a net margin of 32.27%. Equities research analysts predict that Copart, Inc. will post 1.57 earnings per share 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.