Public Employees Retirement Association of Colorado Buys 27,818 Shares of Copart, Inc. (NASDAQ:CPRT)

Public Employees Retirement Association of Colorado grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 30.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 120,677 shares of the business services provider’s stock after acquiring an additional 27,818 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Copart were worth $6,536,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CPRT. Rise Advisors LLC bought a new stake in shares of Copart during the 1st quarter valued at $28,000. Pinnacle Bancorp Inc. lifted its position in shares of Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after buying an additional 492 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Down 0.7 %

Shares of CPRT stock opened at $51.44 on Friday. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The company has a market cap of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27. The business has a fifty day simple moving average of $51.47 and a 200 day simple moving average of $53.71.

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

Wall Street Analyst Weigh In

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

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.