California Public Employees Retirement System Has $68.62 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

California Public Employees Retirement System reduced its stake in shares of Copart, Inc. (NASDAQ:CPRTGet Rating) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 452,589 shares of the business services provider’s stock after selling 15,267 shares during the quarter. California Public Employees Retirement System owned 0.19% of Copart worth $68,622,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Copart by 9.0% in the fourth quarter. Principal Financial Group Inc. now owns 7,963,326 shares of the business services provider’s stock valued at $1,203,727,000 after buying an additional 654,826 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Copart by 7.4% in the third quarter. Alliancebernstein L.P. now owns 6,924,228 shares of the business services provider’s stock valued at $960,529,000 after buying an additional 478,417 shares in the last quarter. Geode Capital Management LLC boosted its stake in Copart by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,888,490 shares of the business services provider’s stock valued at $537,989,000 after buying an additional 157,042 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Copart by 5.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,665,811 shares of the business services provider’s stock valued at $369,801,000 after buying an additional 137,083 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Copart by 47.9% in the third quarter. Invesco Ltd. now owns 2,160,888 shares of the business services provider’s stock valued at $299,759,000 after buying an additional 699,993 shares in the last quarter. 87.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of CPRT opened at $108.69 on Tuesday. Copart, Inc. has a 1 year low of $106.37 and a 1 year high of $161.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.24 and a quick ratio of 5.11. The company has a market capitalization of $25.81 billion, a price-to-earnings ratio of 24.05 and a beta of 1.13. The business has a 50-day moving average of $120.39 and a 200-day moving average of $133.60.

Copart (NASDAQ:CPRTGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Copart had a return on equity of 28.18% and a net margin of 34.51%. The company had revenue of $867.46 million during the quarter, compared to the consensus estimate of $806.99 million. During the same period last year, the company earned $0.80 earnings per share. The firm’s revenue was up 40.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Copart, Inc. will post 4.39 EPS for the current year.

A number of analysts have recently commented on CPRT shares. StockNews.com started coverage on Copart in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird cut their price target on Copart from $170.00 to $160.00 in a research note on Friday, February 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Copart has a consensus rating of “Hold” and an average price target of $162.33.

About Copart (Get Rating)

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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