New York State Common Retirement Fund Lowers Holdings in Copart, Inc. (NASDAQ:CPRT)

New York State Common Retirement Fund trimmed its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,712,845 shares of the business services provider’s stock after selling 13,938 shares during the period. New York State Common Retirement Fund’s holdings in Copart were worth $89,753,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Cadence Bank boosted its position in shares of Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after acquiring an additional 187 shares during the last quarter. WASHINGTON TRUST Co grew its stake in shares of Copart by 0.3% in the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after buying an additional 200 shares in the last quarter. Spinnaker Trust raised its position in shares of Copart by 4.0% during the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after buying an additional 200 shares in the last quarter. Values First Advisors Inc. raised its position in shares of Copart by 2.9% during the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after buying an additional 201 shares in the last quarter. Finally, Duncan Williams Asset Management LLC lifted its holdings in shares of Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 203 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Up 0.0 %

CPRT stock opened at $51.49 on Friday. Copart, Inc. has a twelve month low of $44.05 and a twelve month high of $58.58. The stock has a market capitalization of $49.60 billion, a price-to-earnings ratio of 37.04 and a beta of 1.27. The firm’s fifty day simple moving average is $52.26 and its two-hundred day simple moving average is $53.01.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, equities research analysts expect that Copart, Inc. will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th.

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.