Free Trial

Bancreek Capital Management LP Reduces Holdings in Copart, Inc. (NASDAQ:CPRT)

Copart logo with Business Services background

Bancreek Capital Management LP cut its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,575 shares of the business services provider's stock after selling 28,324 shares during the quarter. Copart accounts for 7.7% of Bancreek Capital Management LP's portfolio, making the stock its 3rd largest holding. Bancreek Capital Management LP's holdings in Copart were worth $5,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Sandy Spring Bank boosted its holdings in shares of Copart by 59.5% during the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the period. Sunbelt Securities Inc. acquired a new position in Copart in the 4th quarter valued at approximately $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Copart in the 4th quarter worth approximately $45,000. Versant Capital Management Inc grew its holdings in shares of Copart by 1,567.9% during the 1st quarter. Versant Capital Management Inc now owns 884 shares of the business services provider's stock valued at $50,000 after acquiring an additional 831 shares in the last quarter. Finally, Curio Wealth LLC acquired a new position in shares of Copart in the fourth quarter worth $52,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Price Performance

CPRT traded down $0.56 on Wednesday, hitting $49.08. The company had a trading volume of 4,347,243 shares, compared to its average volume of 4,863,020. The stock has a market cap of $47.46 billion, a price-to-earnings ratio of 32.29 and a beta of 1.07. The company's fifty day moving average price is $55.01 and its 200 day moving average price is $56.30. Copart, Inc. has a 1-year low of $47.33 and a 1-year high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Copart had a net margin of 32.21% and a return on equity of 18.20%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm earned $0.39 EPS. Copart's quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Copart

Insider Activity

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 value of $5,700,769.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.68% of the company's stock.

Copart Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

Should You Invest $1,000 in Copart Right Now?

Before you consider Copart, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Copart wasn't on the list.

While Copart currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025
3 Defense Stocks Under $10 With Massive Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines