California State Teachers Retirement System Sells 2,985 Shares of Copart, Inc. (NASDAQ:CPRT)

California State Teachers Retirement System lowered its position in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,910 shares of the business services provider’s stock after selling 2,985 shares during the period. California State Teachers Retirement System’s holdings in Copart were worth $37,975,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new stake in Copart in the 2nd quarter valued at about $28,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Copart by 177.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 294 shares of the business services provider’s stock worth $31,000 after buying an additional 188 shares during the last quarter. CI Investments Inc. grew its holdings in shares of Copart by 1,003.8% in the third quarter. CI Investments Inc. now owns 287 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 261 shares in the last quarter. Ronald Blue Trust Inc. bought a new stake in Copart during the second quarter worth $41,000. Finally, Private Trust Co. NA bought a new stake in Copart during the second quarter worth $41,000. 45.14% of the stock is owned by institutional investors.

Copart Trading Down 0.4 %

CPRT opened at $69.72 on Friday. The company has a market cap of $33.23 billion, a PE ratio of 30.99 and a beta of 1.21. Copart, Inc. has a 12 month low of $51.10 and a 12 month high of $71.68. The company has a 50 day moving average of $67.40 and a 200 day moving average of $61.97.

Copart (NASDAQ:CPRT – Get Rating) last posted its earnings results on Tuesday, February 21st. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Copart had a return on equity of 22.93% and a net margin of 29.45%. The business had revenue of $956.72 million during the quarter, compared to analyst estimates of $934.36 million. During the same quarter in the previous year, the firm earned $0.55 EPS. Research analysts forecast that Copart, Inc. will post 2.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Matt Blunt sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $69.36, for a total transaction of $2,080,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CPRT has been the subject of several research analyst reports. Guggenheim raised their target price on Copart from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd. Stephens restated an “overweight” rating and set a $78.00 price objective on shares of Copart in a report on Tuesday, February 21st. Robert W. Baird boosted their target price on shares of Copart from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Finally, StockNews.com assumed coverage on shares of Copart in a research note on Thursday. They set a “buy” rating for the company.

About Copart

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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.