Crown Oak Advisors LLC Has $9.90 Million Position in Copart, Inc. (NASDAQ:CPRT)

Crown Oak Advisors LLC lifted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,917 shares of the business services provider's stock after buying an additional 5,889 shares during the quarter. Copart comprises 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sandy Spring Bank boosted its position in 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. bought a new position in Copart during the fourth quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Copart during the fourth quarter worth $45,000. Versant Capital Management Inc boosted its position in Copart by 1,567.9% during the first quarter. Versant Capital Management Inc now owns 884 shares of the business services provider's stock worth $50,000 after purchasing an additional 831 shares during the period. Finally, Curio Wealth LLC bought a new position in Copart during the fourth quarter worth $52,000. 85.78% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Copart Stock Performance

Shares of NASDAQ CPRT traded down $0.12 during midday trading on Thursday, reaching $47.88. The company's stock had a trading volume of 6,819,599 shares, compared to its average volume of 4,835,124. Copart, Inc. has a fifty-two week low of $47.70 and a fifty-two week high of $64.38. The business's 50 day moving average price is $56.82 and its two-hundred day moving average price is $57.09. The company has a market cap of $46.30 billion, a P/E ratio of 31.50 and a beta of 1.10.

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

Analyst Ratings Changes

A number of research firms have commented on CPRT. JPMorgan Chase & Co. reduced their price objective on shares of Copart from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Argus downgraded shares of Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

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.