Crown Oak Advisors LLC Acquires 5,889 Shares of Copart, Inc. (NASDAQ:CPRT)

Crown Oak Advisors LLC boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,917 shares of the business services provider’s stock after purchasing an additional 5,889 shares during the period. Copart makes up approximately 5.0% of Crown Oak Advisors LLC’s holdings, making the stock its 8th biggest position. Crown Oak Advisors LLC’s holdings in Copart were worth $9,899,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CPRT. Norges Bank purchased a new stake in Copart during the fourth quarter valued at about $682,089,000. Madison Investment Advisors LLC acquired a new stake in shares of Copart during the fourth quarter valued at approximately $253,686,000. Bank of New York Mellon Corp lifted its position in shares of Copart by 23.3% in the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock valued at $1,115,664,000 after acquiring an additional 3,667,534 shares in the last quarter. Edgewood Management LLC boosted its stake in Copart by 14.1% in the 4th quarter. Edgewood Management LLC now owns 23,463,118 shares of the business services provider’s stock worth $1,346,548,000 after purchasing an additional 2,907,405 shares during the period. Finally, Wellington Management Group LLP grew its position in Copart by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider’s stock worth $812,488,000 after purchasing an additional 1,785,741 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

CPRT stock opened at $48.00 on Wednesday. The firm has a 50 day simple moving average of $57.25 and a 200 day simple moving average of $57.25. Copart, Inc. has a 52 week low of $47.70 and a 52 week high of $64.38. The stock has a market cap of $46.41 billion, a P/E ratio of 31.58 and a beta of 1.10.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Copart had a net margin of 32.21% and a return on equity of 18.20%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. Sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Argus downgraded Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Insider Transactions at Copart

In other news, Director Steven D. Cohan sold 94,997 shares of Copart stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $60.01, for a total transaction of $5,700,769.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.68% of the stock is currently owned by company insiders.

About Copart

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.