Copart, Inc. $CPRT Shares Newly Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Copart, Inc. (NASDAQ:CPRT) in the 3rd quarter, HoldingsChannel reports. The firm acquired 205,300 shares of the business services provider’s stock, valued at approximately $5,601,000.

Other hedge funds have also recently made changes to their positions in the company. Alpha Family Trust raised its holdings in shares of Copart by 3.4% during the first quarter. Alpha Family Trust now owns 11,010 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 360 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Copart by 1.3% in the second quarter. Sequoia Financial Advisors LLC now owns 28,547 shares of the business services provider’s stock valued at $805,000 after acquiring an additional 369 shares in the last quarter. North Dakota State Investment Board increased its position in Copart by 1.4% during the 3rd quarter. North Dakota State Investment Board now owns 26,664 shares of the business services provider’s stock valued at $727,000 after purchasing an additional 370 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Copart by 1.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,183 shares of the business services provider’s stock valued at $660,000 after purchasing an additional 447 shares during the period. Finally, Sigma Investment Counselors Inc. raised its holdings in Copart by 0.9% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 50,691 shares of the business services provider’s stock worth $1,383,000 after purchasing an additional 467 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Diane Morefield sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $27.66, for a total value of $553,200.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $1,383,000. The trade was a 28.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.30% of the company’s stock.

Copart Price Performance

Shares of NASDAQ CPRT opened at $30.13 on Monday. The company has a 50 day moving average of $29.57 and a 200 day moving average of $32.44. Copart, Inc. has a twelve month low of $25.72 and a twelve month high of $43.38. The firm has a market cap of $27.91 billion, a P/E ratio of 19.44, a PEG ratio of 1.48 and a beta of 1.01.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, September 10th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Copart had a return on equity of 15.93% and a net margin of 31.81%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. As a group, equities analysts expect that Copart, Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CPRT shares. Robert W. Baird cut their target price on shares of Copart from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, September 11th. BNP Paribas Exane reissued an “outperform” rating and issued a $43.00 price target (up from $40.00) on shares of Copart in a research note on Monday, September 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Copart in a report on Tuesday, October 27th. Freedom Broker cut their price objective on Copart from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Finally, JPMorgan Chase & Co. upgraded Copart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $32.00 to $40.00 in a report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.

Copart Company Profile

Copart, Inc is a provider of online vehicle auction and remarketing services. The company operates a digital marketplace that connects vehicle sellers with a broad network of buyers, including licensed dismantlers, rebuilders, used-car dealers, exporters and individual consumers.

Copart primarily sells vehicles that have been damaged, declared total losses by insurers, repossessed, donated or otherwise designated for resale. Its services also include vehicle storage, transportation, towing coordination, title processing, inspection and auction support.