Police & Firemen s Retirement System of New Jersey Has $6.60 Million Stock Holdings in Copart, Inc. $CPRT

Police & Firemen s Retirement System of New Jersey raised its stake in Copart, Inc. (NASDAQ:CPRT) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,542 shares of the business services provider’s stock after buying an additional 8,116 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Copart were worth $6,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Brighton Jones LLC lifted its stake in shares of Copart by 92.1% in the 4th quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock valued at $816,000 after acquiring an additional 6,817 shares during the last quarter. CWM LLC grew its position in Copart by 3.8% during the 1st quarter. CWM LLC now owns 37,196 shares of the business services provider’s stock worth $2,105,000 after acquiring an additional 1,369 shares during the last quarter. Larson Financial Group LLC increased its holdings in Copart by 76.0% in the 1st quarter. Larson Financial Group LLC now owns 1,852 shares of the business services provider’s stock worth $105,000 after purchasing an additional 800 shares in the last quarter. Dynasty Wealth Management LLC raised its position in Copart by 2.2% in the first quarter. Dynasty Wealth Management LLC now owns 14,394 shares of the business services provider’s stock valued at $815,000 after purchasing an additional 308 shares during the last quarter. Finally, Graypoint LLC raised its position in Copart by 8.3% in the first quarter. Graypoint LLC now owns 4,564 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Insider Buying and Selling at Copart

In other Copart news, CEO Jeffrey Liaw sold 24,283 shares of the company’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas N. Tryforos sold 228,840 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. Additional details regarding this sale are available in the official SEC disclosure. 9.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Hsbc Global Res upgraded Copart from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Copart in a research report on Wednesday, October 8th. HSBC set a $62.00 price target on shares of Copart and gave the company a “buy” rating in a research report on Thursday, September 4th. Stephens dropped their price target on shares of Copart from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Finally, Barclays set a $32.00 price objective on shares of Copart in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

Copart Stock Performance

NASDAQ:CPRT opened at $41.08 on Friday. Copart, Inc. has a fifty-two week low of $39.58 and a fifty-two week high of $64.38. The company has a 50 day simple moving average of $44.48 and a two-hundred day simple moving average of $48.65. The company has a market capitalization of $39.76 billion, a PE ratio of 25.68 and a beta of 1.06.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Copart had a net margin of 33.41% and a return on equity of 18.17%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts predict 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.