Crown Oak Advisors LLC Purchases 17,611 Shares of Copart, Inc. (NASDAQ:CPRT)

Crown Oak Advisors LLC raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 11.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 169,028 shares of the business services provider’s stock after acquiring an additional 17,611 shares during the quarter. Copart makes up approximately 5.0% of Crown Oak Advisors LLC’s portfolio, making the stock its 8th biggest holding. Crown Oak Advisors LLC’s holdings in Copart were worth $9,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Kieckhefer Group LLC purchased a new stake in shares of Copart in the fourth quarter valued at approximately $3,962,000. Sanctuary Advisors LLC boosted its stake in Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares during the last quarter. Geode Capital Management LLC grew its holdings in Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after buying an additional 291,580 shares in the last quarter. Kinsale Capital Group Inc. increased its stake in shares of Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after acquiring an additional 13,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Copart during the 3rd quarter worth $1,206,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

CPRT opened at $57.61 on Friday. Copart, Inc. has a one year low of $47.73 and a one year high of $64.38. The business’s 50 day moving average price is $59.08 and its 200 day moving average price is $54.80. The stock has a market capitalization of $55.51 billion, a PE ratio of 40.57 and a beta of 1.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $0.34 EPS. Copart’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total transaction of $13,384,683.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman A Jayson Adair sold 251,423 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $63.79, for a total transaction of $16,038,273.17. Following the completion of the transaction, the chairman now directly owns 14,436,557 shares of the company’s stock, valued at $920,907,971.03. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 650,213 shares of company stock worth $39,199,813. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

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.