Public Employees Retirement Association Of Colorado buys 27,818 shares of Copart, Inc. stock. (NASDAQ:CPRT)

Public Employees Retirement Association of Colorado grew its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 30.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 120,677 shares of the business services provider’s stock after acquiring an additional 27,818 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Copart were worth $6,536,000 as of its most recent SEC filing.

A number of other institutional investors have recently modified their holdings of CPRT. Rise Advisors LLC bought a new stake in shares of Copart in the first quarter valued at $28,000. Pinnacle Bancorp Inc. lifted its position in shares of Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after purchasing an additional 234 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares in the the last quarter. Meeder Asset Management Inc. lifted its position in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after bought an additional 492 shares in the last quarter. 85.78% of shares are currently held by institutional investors.

Copart stock fell 0.7%

Shares of CPRT opened at $51.44 on Friday. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The company has a market cap of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27. The company has a fifty day simple moving average of $51.47 and a 200 day simple moving average of $53.71.

Copart (NASDAQ:CPRT – Get Free Report ) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.34 EPS. Copart’s revenue for the quarter was up 7.2% year-over-year. As a group, equities research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

The Wall Street analyst weighs in

Separately, Robert W. Baird decreased their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th.

Read our latest report on CPRT

Copart profile

(Free Report)

Copart, Inc provides online auction and vehicle remarketing services. Provides a wide range of services for the processing and sale of vehicles over the Internet through its third-generation Virtual Bidding Internet auction-style sales technology on behalf of vehicle dealers, insurance companies, banks and finance companies, charities and operators and fleet dealers as well as individual owners.

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