Illinois Municipal Retirement Fund Has $5.83 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Illinois Municipal Retirement Fund decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,533 shares of the business services provider’s stock after selling 28,439 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Copart were worth $5,827,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Cadence Bank increased its holdings in shares of Copart by 0.6% during the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock valued at $1,653,000 after acquiring an additional 178 shares in the last quarter. Everpar Advisors LLC grew its position in Copart by 4.3% in the 4th quarter. Everpar Advisors LLC now owns 4,811 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 199 shares during the period. Fifth Third Wealth Advisors LLC grew its position in Copart by 2.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 9,226 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 208 shares during the period. Covestor Ltd increased its stake in Copart by 5.1% during the 3rd quarter. Covestor Ltd now owns 4,299 shares of the business services provider’s stock valued at $225,000 after purchasing an additional 209 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Copart by 0.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock worth $1,447,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Tryforos sold 83,310 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now owns 7,850 shares in the company, valued at approximately $485,601. The trade was a 91.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 398,790 shares of company stock worth $23,161,540 in the last 90 days. Insiders own 9.68% of the company’s stock.

Copart Stock Down 0.9 %

Shares of Copart stock opened at $56.27 on Thursday. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The business has a 50 day moving average price of $57.75 and a 200-day moving average price of $55.82. The company has a market cap of $54.22 billion, a PE ratio of 37.77 and a beta of 1.33.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current year.

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.