Virginia Retirement Systems ET AL Sells 7,200 Shares of Copart, Inc. (NASDAQ:CPRT)

Virginia Retirement Systems ET AL lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.5% during the second quarter, Holdings Channel.com reports. The firm owned 197,600 shares of the business services provider’s stock after selling 7,200 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Copart were worth $26,050,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPRT. Sei Investments Co. lifted its holdings in shares of Copart by 2.4% during the first quarter. Sei Investments Co. now owns 59,004 shares of the business services provider’s stock worth $6,578,000 after purchasing an additional 1,405 shares during the period. E Fund Management Co. Ltd. acquired a new position in shares of Copart during the first quarter worth $291,000. Quadrant Capital Group LLC lifted its holdings in shares of Copart by 15.4% during the first quarter. Quadrant Capital Group LLC now owns 718 shares of the business services provider’s stock worth $78,000 after purchasing an additional 96 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Copart by 58.6% during the first quarter. Prudential Financial Inc. now owns 270,857 shares of the business services provider’s stock worth $29,417,000 after purchasing an additional 100,091 shares during the period. Finally, Cresset Asset Management LLC lifted its holdings in shares of Copart by 3.6% during the first quarter. Cresset Asset Management LLC now owns 7,303 shares of the business services provider’s stock worth $793,000 after purchasing an additional 255 shares during the period. Institutional investors own 81.28% of the company’s stock.

Shares of NASDAQ CPRT traded up $3.31 during trading on Thursday, hitting $143.13. 654 shares of the company traded hands, compared to its average volume of 1,040,258. The business’s fifty day moving average is $142.64 and its 200 day moving average is $133.24. Copart, Inc. has a fifty-two week low of $101.92 and a fifty-two week high of $152.75. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 35.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.94 and a current ratio of 4.04.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Tuesday, September 7th. The business services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.12. Copart had a net margin of 34.78% and a return on equity of 28.62%. The firm had revenue of $748.63 million for the quarter, compared to analyst estimates of $686.93 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. On average, analysts predict that Copart, Inc. will post 3.92 EPS for the current year.

CPRT has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Copart from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, August 31st. Barrington Research restated a “market perform” rating on shares of Copart in a report on Wednesday, September 8th. Truist boosted their target price on shares of Copart from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, September 10th. Robert W. Baird boosted their target price on shares of Copart from $130.00 to $150.00 and gave the company an “average” rating in a report on Friday, September 10th. Finally, Truist Securities boosted their target price on shares of Copart from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, September 10th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $143.83.

In other news, CEO A Jayson Adair sold 170,000 shares of the company’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $147.20, for a total transaction of $25,024,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 12.61% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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