New York State Teachers Retirement System Has $40.27 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

New York State Teachers Retirement System decreased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 701,597 shares of the business services provider's stock after selling 45,256 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Copart worth $40,265,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. lifted its stake in shares of Copart by 2,466.0% during the third quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider's stock valued at $185,299,000 after buying an additional 3,398,423 shares during the period. Assenagon Asset Management S.A. boosted its holdings in 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 worth $192,240,000 after acquiring an additional 3,016,795 shares during the period. Franklin Resources Inc. increased its stake in Copart by 335.8% during the 3rd quarter. Franklin Resources Inc. now owns 2,705,354 shares of the business services provider's stock worth $149,471,000 after buying an additional 2,084,626 shares during the period. Comgest Global Investors S.A.S. boosted its holdings in Copart by 706.6% in the third quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider's stock valued at $83,153,000 after purchasing an additional 1,390,146 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Copart by 1,103.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,062,931 shares of the business services provider's stock worth $55,698,000 after buying an additional 974,585 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th.

Insider Buying and Selling

In other news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman A Jayson Adair sold 251,423 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares of the company's stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,213 shares of company stock worth $39,199,813. 9.68% of the stock is currently owned by insiders.

Copart Price Performance

Shares of CPRT traded up $0.15 during mid-day trading on Wednesday, hitting $59.74. The company's stock had a trading volume of 3,637,497 shares, compared to its average volume of 3,311,460. The stock has a market capitalization of $57.56 billion, a price-to-earnings ratio of 42.07 and a beta of 1.33. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm has a 50-day moving average price of $58.14 and a 200 day moving average price of $55.59.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The business's revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal 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.