Illinois Municipal Retirement Fund Has $6.81 Million Stock Holdings in Copart, Inc. $CPRT

Illinois Municipal Retirement Fund grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 36.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 138,844 shares of the business services provider’s stock after acquiring an additional 37,311 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Copart were worth $6,813,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ProShare Advisors LLC raised its stake in Copart by 7.5% in the second quarter. ProShare Advisors LLC now owns 1,496,952 shares of the business services provider’s stock valued at $73,455,000 after purchasing an additional 104,447 shares in the last quarter. Midwest Trust Co bought a new stake in shares of Copart during the 2nd quarter worth $7,093,000. Flossbach Von Storch SE boosted its stake in Copart by 93.6% in the second quarter. Flossbach Von Storch SE now owns 1,135,122 shares of the business services provider’s stock valued at $55,700,000 after buying an additional 548,712 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its position in Copart by 42.8% in the second quarter. Prescott Group Capital Management L.L.C. now owns 7,449 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 2,231 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Copart during the second quarter worth about $19,789,000. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.2%

Shares of Copart stock opened at $41.34 on Wednesday. The stock has a market cap of $40.01 billion, a price-to-earnings ratio of 25.84 and a beta of 1.06. Copart, Inc. has a twelve month low of $39.58 and a twelve month high of $64.38. The company’s fifty day moving average is $44.94 and its 200 day moving average is $48.88.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.33 EPS. Copart’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $44.79, for a total transaction of $1,087,635.57. Following the completion of the sale, the chief executive officer owned 31,332 shares of the company’s stock, valued at approximately $1,403,360.28. This represents a 43.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 228,840 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total transaction of $10,879,053.60. The disclosure for this sale is available in the SEC filing. 9.60% of the stock is owned by company insiders.

Analyst Ratings Changes

CPRT has been the topic of a number of research analyst reports. Hsbc Global Res upgraded shares of Copart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. HSBC set a $62.00 target price on shares of Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a report on Wednesday, October 8th. Stephens cut their price objective on Copart from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Finally, Robert W. Baird reduced their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.00.

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.