State of New Jersey Common Pension Fund D Purchases 18,525 Shares of Copart, Inc. $CPRT

State of New Jersey Common Pension Fund D grew its position in Copart, Inc. (NASDAQ:CPRT) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,132 shares of the business services provider’s stock after purchasing an additional 18,525 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Copart were worth $14,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Conscious Wealth Investments LLC lifted its stake in shares of Copart by 3.1% during the 3rd quarter. Conscious Wealth Investments LLC now owns 78,799 shares of the business services provider’s stock valued at $3,389,000 after buying an additional 2,348 shares in the last quarter. Aberdeen Group plc raised its holdings in Copart by 14.2% during the third quarter. Aberdeen Group plc now owns 584,555 shares of the business services provider’s stock valued at $26,287,000 after acquiring an additional 72,682 shares during the period. Assetmark Inc. lifted its position in shares of Copart by 29.3% in the third quarter. Assetmark Inc. now owns 472,845 shares of the business services provider’s stock valued at $21,264,000 after acquiring an additional 107,160 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Copart by 19.1% in the third quarter. Public Sector Pension Investment Board now owns 73,502 shares of the business services provider’s stock worth $3,305,000 after acquiring an additional 11,766 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of Copart by 23.3% in the third quarter. Atria Investments Inc now owns 88,202 shares of the business services provider’s stock worth $3,966,000 after acquiring an additional 16,677 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Performance

NASDAQ CPRT opened at $37.49 on Tuesday. The company has a market capitalization of $36.29 billion, a P/E ratio of 22.86 and a beta of 1.08. Copart, Inc. has a one year low of $36.52 and a one year high of $63.85. The stock has a 50 day moving average price of $39.56 and a 200-day moving average price of $42.78.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, November 20th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Copart had a net margin of 34.24% and a return on equity of 17.78%. Copart’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, equities analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on CPRT shares. Barclays reissued an “underweight” rating and issued a $33.00 price target (up from $32.00) on shares of Copart in a report on Friday, November 21st. JPMorgan Chase & Co. reduced their price objective on shares of Copart from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. CJS Securities upgraded shares of Copart to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Robert W. Baird reduced their price target on shares of Copart from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Copart presently has an average rating of “Moderate Buy” and an average target price of $47.60.

Insider Transactions at Copart

In other Copart news, Director Thomas N. Tryforos sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $39.07, for a total transaction of $3,907,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Liaw sold 25,137 shares of Copart stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $40.17, for a total value of $1,009,753.29. Following the completion of the transaction, the chief executive officer owned 55,970 shares of the company’s stock, valued at approximately $2,248,314.90. This trade represents a 30.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 9.60% of the company’s stock.

Copart Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.