Copart, Inc. (NASDAQ:CPRT) Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,712,845 shares of the business services provider's stock after selling 13,938 shares during the period. New York State Common Retirement Fund owned about 0.18% of Copart worth $89,753,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Copart by 462.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider's stock valued at $192,240,000 after buying an additional 3,016,795 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Copart in the 2nd quarter valued at about $109,382,000. Price T Rowe Associates Inc. MD lifted its position in Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider's stock valued at $397,406,000 after purchasing an additional 1,500,466 shares during the last quarter. TD Asset Management Inc lifted its position in Copart by 43.3% in the 1st quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider's stock valued at $281,616,000 after purchasing an additional 1,469,292 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Copart in the 2nd quarter valued at about $70,307,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird cut their price objective on shares of Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, September 5th.

Copart Trading Up 0.0 %

NASDAQ:CPRT traded up $0.02 during mid-day trading on Friday, hitting $51.49. The stock had a trading volume of 5,209,665 shares, compared to its average volume of 4,439,196. The stock has a market capitalization of $49.60 billion, a price-to-earnings ratio of 37.04 and a beta of 1.27. The company has a 50 day simple moving average of $52.26 and a 200-day simple moving average of $53.01. Copart, Inc. has a 52 week low of $44.05 and a 52 week high of $58.58.

Copart (NASDAQ:CPRT - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

Copart 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.