Copart, Inc. (CPRT) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 19.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,299 shares of the business services provider’s stock after buying an additional 32,129 shares during the period. Teachers Advisors LLC owned approximately 0.09% of Copart worth $12,466,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC increased its position in shares of Copart by 2.8% in the first quarter. Morgan Dempsey Capital Management LLC now owns 3,983 shares of the business services provider’s stock worth $247,000 after buying an additional 110 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Copart by 0.8% in the first quarter. Neuberger Berman Group LLC now owns 16,826 shares of the business services provider’s stock worth $1,042,000 after buying an additional 126 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Copart by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 84,358 shares of the business services provider’s stock worth $5,224,000 after buying an additional 325 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Copart by 3.3% in the first quarter. Advantus Capital Management Inc now owns 13,087 shares of the business services provider’s stock worth $810,000 after buying an additional 413 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its position in shares of Copart by 7.3% in the first quarter. Glen Harbor Capital Management LLC now owns 6,816 shares of the business services provider’s stock worth $422,000 after buying an additional 464 shares in the last quarter. 49.65% of the stock is owned by institutional investors.

Copart, Inc. (NASDAQ:CPRT) traded up 0.48% during midday trading on Wednesday, reaching $32.23. 933,374 shares of the company’s stock traded hands. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 18.60 and a beta of 1.22. The firm’s 50-day moving average is $31.38 and its 200-day moving average is $41.36. Copart, Inc. has a 1-year low of $24.71 and a 1-year high of $32.35.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, May 24th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $373.90 million for the quarter, compared to analyst estimates of $386.61 million. Copart had a return on equity of 33.20% and a net margin of 29.10%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. Analysts forecast that Copart, Inc. will post $1.25 earnings per share for the current year.

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CPRT has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC raised their price objective on shares of Copart from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Copart currently has a consensus rating of “Hold” and a consensus price target of $48.80.

Copart Company Profile

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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