Oregon Public Employees Retirement Fund Has $4.31 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Oregon Public Employees Retirement Fund grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,170 shares of the business services provider’s stock after buying an additional 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Copart were worth $4,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Quarry LP acquired a new stake in shares of Copart in the third quarter valued at $29,000. Ashton Thomas Securities LLC bought a new position in Copart in the third quarter valued at about $33,000. True Wealth Design LLC boosted its holdings in Copart by 1,737.1% in the third quarter. True Wealth Design LLC now owns 643 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 608 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Copart in the fourth quarter valued at about $54,000. Finally, Continuum Advisory LLC boosted its holdings in Copart by 88.6% in the third quarter. Continuum Advisory LLC now owns 962 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 452 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matt Blunt sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 398,790 shares of company stock worth $23,161,540. Insiders own 9.68% of the company’s stock.

Copart Stock Down 0.9 %

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. The stock has a market cap of $54.22 billion, a price-to-earnings ratio of 37.77 and a beta of 1.33. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

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

Wall Street Analyst Weigh In

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

Copart 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.