State of Alaska Department of Revenue Has $3.34 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

State of Alaska Department of Revenue lifted its position in shares of Copart, Inc. (NASDAQ:CPRTGet Rating) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,715 shares of the business services provider’s stock after purchasing an additional 680 shares during the quarter. State of Alaska Department of Revenue’s holdings in Copart were worth $3,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. DnB Asset Management AS grew its holdings in shares of Copart by 0.7% during the 2nd quarter. DnB Asset Management AS now owns 44,605 shares of the business services provider’s stock worth $4,847,000 after purchasing an additional 322 shares in the last quarter. NuWave Investment Management LLC grew its holdings in shares of Copart by 250.3% during the 2nd quarter. NuWave Investment Management LLC now owns 1,268 shares of the business services provider’s stock worth $138,000 after purchasing an additional 906 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of Copart by 21.1% during the 2nd quarter. Chesley Taft & Associates LLC now owns 3,700 shares of the business services provider’s stock worth $402,000 after purchasing an additional 645 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Copart during the 2nd quarter worth approximately $226,000. Finally, Amalgamated Bank grew its holdings in shares of Copart by 4.0% during the 1st quarter. Amalgamated Bank now owns 60,161 shares of the business services provider’s stock worth $7,548,000 after purchasing an additional 2,317 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Copart Price Performance

Copart stock opened at $107.88 on Thursday. The company has a market capitalization of $25.64 billion, a PE ratio of 23.81 and a beta of 1.16. Copart, Inc. has a one year low of $102.21 and a one year high of $161.12. The business has a 50 day simple moving average of $121.66 and a 200 day simple moving average of $117.68.

Copart (NASDAQ:CPRTGet Rating) last posted its earnings results on Wednesday, September 7th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Copart had a return on equity of 25.53% and a net margin of 31.14%. The business had revenue of $883.39 million during the quarter, compared to the consensus estimate of $874.14 million. During the same quarter last year, the company earned $1.03 EPS. Copart’s revenue was up 18.0% on a year-over-year basis. Equities analysts anticipate that Copart, Inc. will post 4.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Robert W. Baird decreased their price objective on Copart from $150.00 to $135.00 in a report on Friday, September 9th. Stephens cut their target price on Copart to $141.00 in a research report on Tuesday, September 13th.

Copart Profile

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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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